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

North Dakota Statutes

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

North Dakota·Title 15.1 Elementary and Secondary Education·Ch. 15.1-07 School Districts

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.

North Dakota § 15.1-07-08 (School district funds - Transfers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.