North Dakota § 21-12-01 Definitions

North Dakota Statutes

§ 21-12-01 — Definitions

North Dakota § 21-12-01

Title 21Governmental Finance

Ch. 21-12Private Activity Bond Ceiling Allocation

This text of North Dakota § 21-12-01 (Definitions) 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 § 21-12-01 (2026).

Text

As used in this chapter, unless the context clearly requires otherwise, the following definitions apply:

1."Ceiling" means the dollar amount applicable to North Dakota for any calendar year for the issuance of tax-exempt private activity bonds, as determined under the Tax Reform Act.

2."Governmental unit" means any political subdivision of North Dakota or other authority in the state, including the state or any of its agencies, instrumentalities, or authorities, having the authority to issue private activity bonds.

3."Private activity bond" means a tax-exempt evidence of indebtedness which is a private activity bond under the Tax Reform Act.

4."Tax Reform Act" means the Tax Reform Act of 1986 [Pub. L. 99-514] and any federal regulations issued thereunder relating to the allocation of N

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As used in this chapter, unless the context clearly requires otherwise, the following
definitions apply:
1. "Ceiling" means the dollar amount applicable to North Dakota for any calendar year for
the issuance of tax-exempt private activity bonds, as determined under the Tax Reform
Act.
2. "Governmental unit" means any political subdivision of North Dakota or other authority
in the state, including the state or any of its agencies, instrumentalities, or authorities,
having the authority to issue private activity bonds.
3. "Private activity bond" means a tax-exempt evidence of indebtedness which is a
private activity bond under the Tax Reform Act.
4. "Tax Reform Act" means the Tax Reform Act of 1986 [Pub. L. 99-514] and any federal
regulations issued thereunder relating to the allocation of North Dakota's ceiling for the
issuance of tax-exempt private activity bonds.