North Dakota § 15-03-05 One-half of permanent funds to be invested in farm loans - Exception

North Dakota Statutes

§ 15-03-05 — One-half of permanent funds to be invested in farm loans - Exception

North Dakota § 15-03-05

Title 15Education

Ch. 15-03Investment of Funds

This text of North Dakota § 15-03-05 (One-half of permanent funds to be invested in farm loans - Exception) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 15-03-05 (2026).

Text

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
investment in farm loans. First mortgage loans on farmlands and rangelands must be made only
in accordance with the provisions of this chapter.

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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
investment in farm loans. First mortgage loans on farmlands and rangelands must be made only
in accordance with the provisions of this chapter.