North Dakota Statutes
§ 21-03-08 — Maximum interest rate, maturity, and denominations
North Dakota § 21-03-08
This text of North Dakota § 21-03-08 (Maximum interest rate, maturity, and denominations) 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 § 21-03-08 (2026).
Text
No bonds issued under the provisions of this chapter may bear interest at a rate or rates
and be sold privately at a price resulting in an average net interest cost higher than twelve
percent per annum. There is no interest rate ceiling on those issues sold at public sale or to the
state of North Dakota or any of its agencies or instrumentalities. No bonds issued under this
chapter may run for a longer period than twenty years from their date. The bonds may not bear
a date earlier than the date of the election authorizing their issuance, if such election is required,
nor earlier than the date of the adoption of the resolution of the governing body determining to
issue bonds for which no election is required.
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Nearby Sections
15
§ 21-01-01
Definitions§ 21-01-02
Warrant - Order of payment§ 21-01-03
Maximum amount of warrants or indebtedness - Violation of provisions - Liability - Penalty§ 21-01-04
Warrants for current expenses§ 21-01-05
Warrants for salaries and official publications - Payable one-half in cash prior to other warrants§ 21-01-07
Warrant register - By whom kept - Form§ 21-01-10
Cashbook and register open to inspection§ 21-02-01
Definitions§ 21-02-03
Certificate of county auditor§ 21-02-04
Signing false certificates - PenaltyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 21-03-08, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/21-03-08.