North Dakota § 32-12.1-08 Political subdivision risk funding

North Dakota Statutes

§ 32-12.1-08 — Political subdivision risk funding

North Dakota § 32-12.1-08

Title 32Judicial Remedies

Ch. 32-12.1Governmental Liability

This text of North Dakota § 32-12.1-08 (Political subdivision risk funding) 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 § 32-12.1-08 (2026).

Text

1.A political subdivision may provide funding from revenue derived from its general fund tax levy as determined by the governing body to be necessary for risk financing purposes.

2.Any unobligated balance in a political subdivision insurance reserve fund must be transferred to the political subdivision's general fund and the insurance reserve fund must be closed out by December 31, 2015. The general fund of the political subdivision may be used for risk financing purposes and the payment of claims against the political subdivision which have been settled or compromised, judgments rendered against the political subdivision, or costs incurred in the defense of claims.

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1. A political subdivision may provide funding from revenue derived from its general fund
tax levy as determined by the governing body to be necessary for risk financing
purposes.
2. Any unobligated balance in a political subdivision insurance reserve fund must be
transferred to the political subdivision's general fund and the insurance reserve fund
must be closed out by December 31, 2015. The general fund of the political
subdivision may be used for risk financing purposes and the payment of claims against
the political subdivision which have been settled or compromised, judgments rendered
against the political subdivision, or costs incurred in the defense of claims.