North Dakota § 15-10-72 Disclosure of financial condition

North Dakota Statutes

§ 15-10-72 — Disclosure of financial condition

North Dakota·Title 15 Education·Ch. 15-10 The State Board of Higher Education

The state board of higher education shall provide a disclosure of the financial condition of
an institution to the qualified applicants designated as finalists pursuant to section 44-04-18.27
for the position of president of an institution. The disclosure of financial condition must identify
the institution's reserves, recent audit findings, anticipated future funding changes pursuant to
chapter 15-18.2, and the institution's composite financial index ratio. The state board of higher

education may require the qualified applicants to sign a nondisclosure agreement prior to
receiving the disclosure of financial condition.

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The state board of higher education shall provide a disclosure of the financial condition of
an institution to the qualified applicants designated as finalists pursuant to section 44-04-18.27
for the position of president of an institution. The disclosure of financial condition must identify
the institution's reserves, recent audit findings, anticipated future funding changes pursuant to
chapter 15-18.2, and the institution's composite financial index ratio. The state board of higher

education may require the qualified applicants to sign a nondisclosure agreement prior to
receiving the disclosure of financial condition.

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