North Dakota Statutes
§ 40-57-08 — Excess revenues not to revert to general fund of municipality - Exception
North Dakota § 40-57-08
This text of North Dakota § 40-57-08 (Excess revenues not to revert to general fund of municipality - Exception) 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 § 40-57-08 (2026).
Text
Any revenues of any and all projects in excess of the amount required to pay interest upon
all bonds issued hereunder, to create a sinking fund to pay the principal of such bonds, when
due, to provide for the operation, maintenance, insurance, taxes, and depreciation of such
project, shall not revert to the general fund of the municipality. However, at such time as there
shall be outstanding no revenue bonds issued by the municipality, any excess of revenues may
be transferred to the general fund of the municipality in such amounts and at such times as the
governing body of the municipality may deem proper and feasible.
Free access — add to your briefcase to read the full text and ask questions with AI
Nearby Sections
15
§ 40-01-01
Definitions§ 40-01-02
Municipalities are bodies corporate§ 40-01-04
Vested rights§ 40-01-09
Official newspaper of municipality§ 40-01-13
Payment of accounts by municipalityCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 40-57-08, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/40-57-08.