Repayment of Infrastructure Loans

4 CMC § 1942 — under Developer Infrastructure Tax Act.

4 CMC § 1942

TITLE 4: ECONOMIC RESOURCES

DIVISION 1: REVENUE AND TAXATION

§ 1942. Repayment of Infrastructure Loans. Dedicated funds may be appropriated and used as a pledge or collateral to repay or to secure external financing arrangements for infrastructure loans from private or public lending institutions or development authorities incurred after July 19, 1993. Dedicated funds may also be used to satisfy federal matching requirements. Source: PL 8-23, § 15.