North Dakota § 37-17.1-32 Hazard mitigation revolving loan fund - Loan authorization

North Dakota Statutes

§ 37-17.1-32 — Hazard mitigation revolving loan fund - Loan authorization

North Dakota § 37-17.1-32

Title 37Military

Ch. 37-17.1Emergency Services

This text of North Dakota § 37-17.1-32 (Hazard mitigation revolving loan fund - Loan authorization) 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 § 37-17.1-32 (2026).

Text

1.When approved by the emergency commission, the office of the adjutant general is authorized to borrow from the Bank of North Dakota, to match federal funds provided for the implementation of the hazard mitigation revolving loan fund. In addition to the principal repayment, the Bank of North Dakota shall receive interest on the loan at a rate equal to other state agency borrowings. After the state receives approval from the federal emergency management agency to fund projects that utilize the hazard mitigation revolving loan fund, the office of the adjutant general shall submit a request to the emergency commission for:

a.Approval to make an application for a loan from the Bank of North Dakota;

b.Approval for additional personnel required to perform the anticipated mitigation activitie

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1. When approved by the emergency commission, the office of the adjutant general is
authorized to borrow from the Bank of North Dakota, to match federal funds provided
for the implementation of the hazard mitigation revolving loan fund. In addition to the
principal repayment, the Bank of North Dakota shall receive interest on the loan at a
rate equal to other state agency borrowings. After the state receives approval from the
federal emergency management agency to fund projects that utilize the hazard
mitigation revolving loan fund, the office of the adjutant general shall submit a request
to the emergency commission for:
a. Approval to make an application for a loan from the Bank of North Dakota;
b. Approval for additional personnel required to perform the anticipated mitigation
activities; and
c. If required, authority to spend additional state and federal funds for the mitigation
program.
2. If the request is acceptable, the emergency commission shall approve the request and
issue a notice of its action to the office of the adjutant general, Bank of North Dakota,
and the office of management and budget. The office of the adjutant general shall
keep the emergency commission apprised of the progress of the hazard mitigation
revolving loan fund and report on the implementation of the loan fund on an annual
basis. The office of the adjutant general is responsible to repay any loan, including
accrued interest, from the Bank of North Dakota which is provided under this section. If
at the end of the biennium a balance exists on the loan, the office of the adjutant
general shall request the legislative assembly for a deficiency appropriation to repay
the loan.