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108 chapters · 1,108 sections in this title.
N.D.C.C. § 57-19-01 School district - Establishment of special reserve fund
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Each school district in this state may establish and maintain a special reserve fund, subject to the limitations in section 57-15-14.2. The balance of moneys in the fund may not exceed that which could be produced by a levy of fifteen mills in that district for that year.
N.D.C.C. § 57-19-02 Special reserve fund - Transfer
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1. Moneys in the special reserve fund may be deposited, held, or invested in the same manner as the sinking fund of the district or in the purchase of shares or securities of federal savings and loan associations or state-chartered building and loan associations, within the limit…
N.D.C.C. § 57-19-03 Transfer of other funds to special reserve fund
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Any school district having on hand funds, other than sinking or building funds, which are not otherwise encumbered, and which are not required for the payment of the items contained in the current operating budget, by a resolution of the governing board of the school district, ma…
N.D.C.C. § 57-19-05 Fund not considered in fixing budget
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Such special reserve fund and the funds therein may not be considered in determining the budget or the amount to be levied for each school fiscal year, for normal tax purposes, but must be shown in such budget as a special trust fund, and may not be deducted therefrom as otherwis…
