Liquidation of Deficits

N. Mar. I. Const. art. X, sec. 6 — under Taxation and Public Finance.

N. Mar. I. Const. art. X, sec. 6

Liquidation of Deficits

Before October 1, 1985, the legislature shall adopt a seven-year plan in which the government operations deficit through fiscal year 1985 shall be retired in equal shares. If the legislature fails to adopt or adhere to the plan, any person may bring an action to require the government to reallocate its expenditures in accordance with a deficit reduction plan. If an operating deficit is incurred in future fiscal years, the government shall retire the deficit during the second consecutive fiscal year following the year.