North Dakota Statutes
§ 15.1-07-09 — Sinking fund - Transfers - Increases
North Dakota § 15.1-07-09
This text of North Dakota § 15.1-07-09 (Sinking fund - Transfers - Increases) 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 § 15.1-07-09 (2026).
Text
If a school board transfers money into a sinking fund, the board may not consider the
money to be cash on hand when computing the budget for the ensuing fiscal year. A school
board may not through transfers increase a sinking fund to the extent that the sinking fund is
greater than the amount needed to pay the bond issue in full.
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Nearby Sections
15
§ 15.1-02-02
Salary§ 15.1-02-04
Superintendent of public instruction - Duties§ 15.1-02-05
Federal government - Contracts§ 15.1-02-06
Preservation of property§ 15.1-02-08
Accounting and reporting system - Uniformity§ 15.1-02-09
School district finance facts report - ContentsCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 15.1-07-09, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/15.1-07-09.