Shortfall in Trust Account

4 CMC § 1715 — under Income Tax.

4 CMC § 1715

TITLE 4: ECONOMIC RESOURCES

DIVISION 1: REVENUE AND TAXATION

§ 1715. Shortfall in Trust Account. With regard to the trust accounts created and authorized by 4 CMC § 1714, if the Secretary of Finance deems it necessary because there are insufficient trust account proceeds, he may withdraw funds from the General Fund to meet any liabilities of the trust accounts. Source: PL 9-57, § 4. Commission Comment: With respect to the references to the “Secretary of Finance,” see Executive Order 94-3 (effective August 23, 1994), reorganizing the executive branch, changing agency names and official titles, and effecting other changes, set forth in the Commission comment to 1 CMC § 2001.