North Dakota § 15-55-09 Construction of chapter not to permit obligating of state

North Dakota Statutes

§ 15-55-09 — Construction of chapter not to permit obligating of state

North Dakota·Title 15 Education·Ch. 15-55 Construction of Revenue-Producing Buildings

Nothing in this chapter may be construed to authorize or permit the state board of higher
education, or any officer or agency of the state, to create any state debts, or to incur any
obligations of any kind or nature, except as are payable solely and only from the special funds
to be created from the revenues of the building or buildings or other campus improvements
erected or constructed under the terms and provisions of this chapter, nor may the state of
North Dakota or any funds or moneys of this state other than the special funds derived from the
income of said building or buildings or campus improvements respectively ever be deemed
obligated for the payment of the said bonds or any part thereof.

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Nothing in this chapter may be construed to authorize or permit the state board of higher
education, or any officer or agency of the state, to create any state debts, or to incur any
obligations of any kind or nature, except as are payable solely and only from the special funds
to be created from the revenues of the building or buildings or other campus improvements
erected or constructed under the terms and provisions of this chapter, nor may the state of
North Dakota or any funds or moneys of this state other than the special funds derived from the
income of said building or buildings or campus improvements respectively ever be deemed
obligated for the payment of the said bonds or any part thereof.

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