Title 15 — Education
120 chapters · 633 sections in this title.
N.D.C.C. § 15-01-01 Board - Membership - Officers
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The governor, secretary of state, state treasurer, attorney general, and superintendent of public instruction shall constitute the "board of university and school lands". The governor must be the chairman, the secretary of state must be the vice chairman, and the commissioner of …
N.D.C.C. § 15-01-02 Powers - Control of public lands and permanent funds
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The board has: 1. Full control of the selection, appraisement, rental, sale, disposal, and management of: a. Lands donated or granted by or received from the United States or from any other source for the support and maintenance of the common schools. b. All lands which fall to t…
N.D.C.C. § 15-01-03 Meetings of board - Quorum
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The board shall meet on the last Thursday of each month. If it appears a quorum will not be present for any meeting of the board, the meeting may be rescheduled by the commissioner upon reasonable notice to all members. Special meetings of the board may be held at any time at the…
N.D.C.C. § 15-01-04 Record of meeting
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The secretary of the board shall enter in a suitable book kept for that purpose a full and correct record of all the proceedings of the board at each session thereof. The record, when approved by the board, must be signed by the chairman or presiding officer of the meeting and by…
N.D.C.C. § 15-01-05 Expenses of board - How paid - Limitations
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Necessary incidental expenses of the board, within the limits of any appropriation made therefor by the legislative assembly, must be paid by the office of management and budget from the state land maintenance fund upon satisfactory vouchers. The office of management and budget s…
N.D.C.C. § 15-02-01 Commissioner of university and school lands - Appointment - Oath
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The board of university and school lands shall appoint a commissioner of university and school lands. All of the official acts of the commissioner are subject to the approval and supervision of the board. Before entering upon the duties of the commissioner, the commissioner shall…
N.D.C.C. § 15-02-02 Term of office - Vacancy
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The term of office of the commissioner is four years beginning July first of the year following the general election of the governor and ending June thirtieth of the fourth calendar year after appointment or until a successor is appointed and qualified. The commissioner may be re…
N.D.C.C. § 15-02-03 Commissioner - Salary
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The salary of the commissioner of university and school lands must be within the amount appropriated for salaries by the legislative assembly.
N.D.C.C. § 15-02-04 Deputy commissioner - Appointment - Oath
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The commissioner, with the consent of the board, may appoint a deputy. Before entering upon any duties, the deputy shall take and subscribe the oath of office required by law for civil officers.
N.D.C.C. § 15-02-05 Powers and duties in general
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The commissioner, under such directions as may be given by the board of university and school lands, shall: 1. Have general charge and supervision of all lands described in section 15-01-02. 2. Act as general agent of the board in the performance of its duties. 3. Have the custod…
N.D.C.C. § 15-02-05.1 Additional duties of commissioner
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In all cases under section 54-01-05.5 involving legislative bills dealing with the sale or exchange of state land, the commissioner of university and school lands may provide the legislative assembly with an assessment regarding the highest and best use of the land involved. As u…
N.D.C.C. § 15-02-05.2 Administrator of abandoned property - Employment
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The commissioner of university and school lands shall act as or employ an administrator of abandoned property and shall employ other personnel as necessary for the proper administration of chapter 47-30.2 and shall set their salaries, within limits of legislative appropriations. …
N.D.C.C. § 15-02-06 Recording of clear lists of original grant lands - Fees
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The commissioner of university and school lands shall cause the government clear lists of selected lands, or certified copies thereof, to be recorded in the offices of the recorders of the respective counties in which such lands have been selected. No fees may be charged or colle…
N.D.C.C. § 15-02-07 Custody of abstracts and conveyances to state
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All abstracts and conveyances of title to the state of North Dakota, when the lands are held for penal, educational, charitable, or school purposes, must be deposited with and must remain in the control of the commissioner of university and school lands.
N.D.C.C. § 15-02-08 Commissioner to keep record of permanent funds - Biennial report
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The commissioner shall keep a record in suitable books showing a detailed quarterly statement of the condition of all of the permanent funds under the control of the board of university and school lands, the amount of each fund, how invested, when due, interest paid, and all acts…
N.D.C.C. § 15-02-08.1 Investment reports - Report to budget section
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The commissioner shall prepare annual reports on the investment performance of each fund under its control. The reports must be comparable to the reports prepared by the state investment board under section 21-10-06.1. The reports must identify the expenses deducted from each fun…
N.D.C.C. § 15-02-09 Commissioner to have seal - Seal as evidence
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The commissioner shall have an official seal. Such seal affixed to any contract of purchase, a receipt, or any other instrument issued and duly countersigned by the commissioner is prima facie evidence of the due execution of such contract or other instrument.
N.D.C.C. § 15-02-10 Fees for lease, contracts, patents - Collection
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Repealed by S.L. 1971, ch. 160, § 2.
N.D.C.C. § 15-03-01 Permanent funds - State treasurer
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All moneys belonging to the permanent funds of the common schools and other public institutions derived from the sale of any of the lands described in section 15-01-02 or from any other source must be paid over to the state treasurer and are subject to the order of the board of u…
N.D.C.C. § 15-03-01.1 Creation of maintenance fund
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There is created a special fund designated as the state lands maintenance fund, which is funded by the trust fund assets under the control of the board of university and school lands. All expenses paid out of the state lands maintenance fund are subject to legislative appropriati…
N.D.C.C. § 15-03-01.3 Apportionment of maintenance fund balances quarterly
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Repealed by S.L. 2003, ch. 129, § 10.
N.D.C.C. § 15-03-02 Proceeds from trust fund assets
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All proceeds from the sale and management of any assets under the control of the board of university and school lands must be deposited in the trust fund for which the assets were granted or earned and are pledged specifically for the maintenance of the institution for which such…
N.D.C.C. § 15-03-03 State treasurer to have custody of certain school funds
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Repealed by S.L. 1987, ch. 189, § 7.
N.D.C.C. § 15-03-04 Legal investments
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Subject to the provisions of section 15-03-05, the board of university and school lands shall apply the prudent investor rule in investing the permanent funds under its control. The "prudent investor rule" means that in making investments the board shall exercise the same judgmen…
N.D.C.C. § 15-03-04.1 Loan pool account
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There is hereby created in the Bank of North Dakota a loan pool account. The board of university and school lands may purchase first mortgage farm loans made in accordance with this chapter from the Bank of North Dakota. All purchased farm loans must be managed and serviced by th…
N.D.C.C. § 15-03-04.2 Board authority over farm loans
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The board of university and school lands has authority to promulgate policies, rules, and regulations for the purchase of first mortgage farm loans. The board shall set such terms, conditions, interest rates, and other guidelines as it may desire commensurate with its fiduciary r…
N.D.C.C. § 15-03-04.3 Loan pool account - Management by Bank of North Dakota
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Subject to this chapter, the Bank of North Dakota, in accordance with standard banking practices, shall manage all loans in the loan pool account and execute all instruments on behalf of the board of university and school lands that pertain to real estate mortgages in the loan po…
N.D.C.C. § 15-03-05 One-half of permanent funds to be invested in farm loans - Exception
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At least one-half of the whole amount of the several permanent funds, as computed by the commissioner of university and school lands at the end of each fiscal year, must be invested in first mortgages on farmlands and rangelands in this state if there is a sufficient demand for i…
N.D.C.C. § 15-03-05.1 Calculation of fund income - Coal development trust fund
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Repealed by S.L. 2017, ch. 403, § 2.
N.D.C.C. § 15-03-05.2 Distribution of fund income
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Repealed by S.L. 2009, ch. 153, § 8.
N.D.C.C. § 15-03-06 Farm loans - Procedure in negotiating and completing loans
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Repealed by S.L. 1977, ch. 138, § 12.
N.D.C.C. § 15-03-07 Limitations on farm loans
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Farm loans secured by a first mortgage may be made only upon farmland and rangeland in this state, and only to persons or other legal entities who are actual residents of this state and who are actively engaged in the business of farming or ranching. 15-03-08. Warrant for amount …
N.D.C.C. § 15-03-09 Term, interest, payment of farm loans
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Repealed by S.L. 1977, ch. 138, § 12.
N.D.C.C. § 15-03-10 Assignment of mortgage - Regulations governing - Execution
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Repealed by S.L. 1977, ch. 138, § 12.
N.D.C.C. § 15-03-11 Satisfaction of mortgages
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Repealed by S.L. 1977, ch. 138, § 12.
N.D.C.C. § 15-03-12 Foreclosure of mortgages
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Mortgages acquired by the state under the provisions of this chapter may be foreclosed either by action or advertisement in the manner provided by the laws of this state. An action to foreclose a mortgage must be brought and prosecuted in the name of the state.
N.D.C.C. § 15-03-13 Redemption after foreclosure
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When a mortgage acquired under the provisions of this chapter has been foreclosed, the mortgagor or a redemptioner may redeem the property from the purchaser within one year after the sale, in the following manner: 1. By paying the purchaser the amount of that person's purchase w…
N.D.C.C. § 15-03-14 Conveyance of mortgaged land to state - Effect
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When a mortgage held by the state as security for the investment of permanent school funds of the state is in default and the foreclosure thereof is deemed advisable, the Bank of North Dakota, acting on behalf of the board of university and school lands, may accept from the owner…
N.D.C.C. § 15-03-14.1 Quieting title to certain state lands
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Repealed by omission from this code. 15-03-15. Meeting to consider investments and approval of farm loans - Notice - Vote required. Repealed by S.L. 1995, ch. 163, § 5.
N.D.C.C. § 15-03-16 Continuing appropriation for investments
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There is appropriated annually the amounts necessary to pay costs related to investments controlled by the board of university and school lands, including management, trustee, consulting, custodial, and performance measurement fees; expenses associated with money manager searches…
N.D.C.C. § 15-03-17 Redemption of bonds by political subdivisions
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The board of university and school lands shall allow any county, city, park district, township, or school district to redeem, at any time after two years from the date of issue, at par with accrued interest, any bonds issued by it which the state has purchased and holds as an inv…
N.D.C.C. § 15-03-18 Commissioner to maintain records of investments
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The commissioner of university and school lands shall keep a complete record of all investments of the board. 15-03-19. Board authorizing drawing of warrant upon investment of permanent funds - Record of warrant. Repealed by S.L. 1987, ch. 189, § 7.
N.D.C.C. § 15-03-20 Reducing or canceling interest due on contracts and mortgages
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Repealed by S.L. 1977, ch. 138, § 12.
N.D.C.C. § 15-03-21 State treasurer - Duty to collect - Report to board - Duty of attorney general
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Repealed by S.L. 1987, ch. 189, § 7.
N.D.C.C. § 15-04-01 Leasing of school and other public lands - Rent
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All lands granted by the United States to this state for the establishment and support of common schools and of educational, penal, or charitable institutions may be leased for pasturage and meadow purposes at public auction after notice as provided by this chapter. The lease may…
N.D.C.C. § 15-04-02 Lease of cultivated lands for summer fallow
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Repealed by S.L. 2019, ch. 134, § 1.
N.D.C.C. § 15-04-03 Rent for cultivated lands
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Repealed by S.L. 1995, ch. 162, § 8.
N.D.C.C. § 15-04-04 Failure to summer-fallow cultivated lands cause for cancellation of lease
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Repealed by S.L. 2019, ch. 134, § 1.
N.D.C.C. § 15-04-05 Removal of or payment for improvements upon termination or lease of land
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Repealed by S.L. 1961, ch. 151, § 2.
N.D.C.C. § 15-04-06 Board of appraisers to appraise land in county - Return of appraisement
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The board of county appraisers shall appraise such lands of this state in its county as the board of university and school lands may direct. On or before the first day of July of the year in which the appraisals are made, the board of appraisers shall make a return of all such ap…