North Dakota Statutes

§ 17-03-03 — Fund - Purpose - Interest rate buydown

North Dakota·Title 17 Energy·Ch. 17-03 Biodiesel Partnership in Assisting Community Expansion
Moneys in the fund must be used for the purpose of buying down the interest rate on loans made by a lead financial institution in participation with the Bank of North Dakota. The Bank of North Dakota's participation may not exceed eighty percent nor be less than fifty percent of the total loans.

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