North Dakota § 15.1-36-04 Evidences of indebtedness (Retroactive application - See note)

North Dakota Statutes

§ 15.1-36-04 — Evidences of indebtedness (Retroactive application - See note)

North Dakota § 15.1-36-04

Title 15.1Elementary and Secondary Education

Ch. 15.1-36School Construction

This text of North Dakota § 15.1-36-04 (Evidences of indebtedness (Retroactive application - See note)) 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 § 15.1-36-04 (2026).

Text

Except as otherwise provided in this chapter, the board of a school district may issue and
sell evidences of indebtedness under chapter 21-02 or 21-03 to finance the construction or
improvement of a project approved under this chapter. The principal amount of the loan and the
evidences of indebtedness to repay the loan may not exceed the loan amount for which the
district is eligible under this chapter. Evidences of indebtedness issued under this chapter or
chapter 21-03 constitute a general obligation of the school district.

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Except as otherwise provided in this chapter, the board of a school district may issue and
sell evidences of indebtedness under chapter 21-02 or 21-03 to finance the construction or
improvement of a project approved under this chapter. The principal amount of the loan and the
evidences of indebtedness to repay the loan may not exceed the loan amount for which the
district is eligible under this chapter. Evidences of indebtedness issued under this chapter or
chapter 21-03 constitute a general obligation of the school district.