North Dakota § 15.1-07-08 School district funds - Transfers

North Dakota Statutes

§ 15.1-07-08 — School district funds - Transfers

North Dakota § 15.1-07-08

Title 15.1Elementary and Secondary Education

Ch. 15.1-07School Districts

This text of North Dakota § 15.1-07-08 (School district funds - Transfers) 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 § 15.1-07-08 (2026).

Text

At the time of preparing the annual budget, a school board, by resolution, may transfer from
the general fund of the district the amount of money, in whole or in part, by which the balance in
the general fund exceeds the amount that would be required for the general reserve fund in the
ensuing fiscal year, into any sinking funds of the district established and held for the payment of
outstanding bonds.

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At the time of preparing the annual budget, a school board, by resolution, may transfer from
the general fund of the district the amount of money, in whole or in part, by which the balance in
the general fund exceeds the amount that would be required for the general reserve fund in the
ensuing fiscal year, into any sinking funds of the district established and held for the payment of
outstanding bonds.