North Dakota Statutes

§ 21-02-08 — Percentage of current taxes used to pay delinquent certificates of indebtedness

North Dakota·Title 21 Governmental Finance·Ch. 21-02 Certificates of Indebtedness
indebtedness. If sufficient funds are not collected to retire outstanding certificates of indebtedness issued wholly or in part against revenues that consist of uncollected taxes within two months after their due date, there must be set aside monthly from current tax collections, exclusive of tax levies dedicated to the payment of principal of and interest on outstanding evidences of indebtedness, not less than ten percent of the amount of the collections until the past due certificates have been paid.

Free access — add to your briefcase to read the full text and ask questions with AI

North Dakota § 21-02-08 (Percentage of current taxes used to pay delinquent certificates of indebtedness) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗