North Dakota § 26.1-50-05 Audited financial statement - Report of fund operations

North Dakota Statutes

§ 26.1-50-05 — Audited financial statement - Report of fund operations

North Dakota § 26.1-50-05

Title 26.1Insurance

Ch. 26.1-50North Dakota Low-Risk Incentive Fund

This text of North Dakota § 26.1-50-05 (Audited financial statement - Report of fund operations) 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 § 26.1-50-05 (2026).

Text

The governing board shall contract annually with a certified public accountant for
performance of an audit and preparation of audited financial statements of the fund prepared in
accordance with generally accepted accounting principles and a report containing an analysis of
the impact of the fund on the state's economy, business and employment activity generated by
loans from the fund, and the effects of that activity on state and local tax revenues. The
governing board shall provide the financial statements and report to the governor, the insurance

commissioner, and the legislative council and make copies available to the public. The cost of
the audit and preparation of financial statements and report must be paid from the fund.

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The governing board shall contract annually with a certified public accountant for
performance of an audit and preparation of audited financial statements of the fund prepared in
accordance with generally accepted accounting principles and a report containing an analysis of
the impact of the fund on the state's economy, business and employment activity generated by
loans from the fund, and the effects of that activity on state and local tax revenues. The
governing board shall provide the financial statements and report to the governor, the insurance

commissioner, and the legislative council and make copies available to the public. The cost of
the audit and preparation of financial statements and report must be paid from the fund.