North Dakota § 15-08-11 Contract payments made to commissioner - Report to state treasurer

North Dakota Statutes

§ 15-08-11 — Contract payments made to commissioner - Report to state treasurer

North Dakota·Title 15 Education·Ch. 15-08 Provisions Relating to Original Grant and to Nongrant Lands

The purchaser of any land sold by the board of university and school lands, or the
purchaser's heirs, executors, administrators, or assigns, shall pay to the commissioner of
university and school lands any amounts that may become due from time to time upon the
contract for principal, interest, and penalties. The commissioner shall report and pay to the state
treasurer daily all collections of principal, interest, and penalty payments. At the time of such
payment to the state treasurer, the commissioner shall apportion the amounts paid to the funds
to which the same are applicable and shall certify such apportionment.

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The purchaser of any land sold by the board of university and school lands, or the
purchaser's heirs, executors, administrators, or assigns, shall pay to the commissioner of
university and school lands any amounts that may become due from time to time upon the
contract for principal, interest, and penalties. The commissioner shall report and pay to the state
treasurer daily all collections of principal, interest, and penalty payments. At the time of such
payment to the state treasurer, the commissioner shall apportion the amounts paid to the funds
to which the same are applicable and shall certify such apportionment.

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