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128 chapters · 1,256 sections in this title.
N.D.C.C. § 54-17.2-06 Financing agreements with state agencies authorized - Commencement of payments under financing agreements
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The commission may enter into financing agreements for any project with the state. The financing agreements may be entered into contemporaneously with any financing to be done by the commission and payments under the terms of the financing agreement shall begin at any time after …
N.D.C.C. § 54-17.2-07 Terms, conditions, and payment under financing agreements - Automatic biennial extension provisions
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Financing agreements may be entered into by the commission: 1. Upon terms, conditions, and payment provisions, subject to available appropriations, as in the judgment of the commission are in the public interest; and 2. For an original term of not to exceed two years, with an aut…
N.D.C.C. § 54-17.2-08 State's option to purchase - Conveyance on exercise of option
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A financing agreement must provide that the state may, at the expiration of the original or any extended term, purchase the project at a stated price, which must be the balance of the total project cost not amortized by the payments previously made by the state. The financing agr…
N.D.C.C. § 54-17.2-09 Insurance and credit enhancements added to payments
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A financing agreement may provide that the state shall provide insurance or, as additional payment under a financing agreement, pay the cost of insuring the project against loss or damage in such sum agreed to by the parties. The financing agreement may also provide for payment o…
