North Dakota § 48-02.1-01 Definitions

North Dakota Statutes

§ 48-02.1-01 — Definitions

North Dakota § 48-02.1-01

Title 48Public Buildings

Ch. 48-02.1Infrastructure Development by Private Operators

This text of North Dakota § 48-02.1-01 (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 § 48-02.1-01 (2026).

Text

As used in this chapter, unless the context or subject matter otherwise requires:

1."Build, operate, and transfer facility" means a build, operate, and transfer fee-based facility constructed, improved, or rehabilitated and afterward operated by a private operator who holds title to the facility subject to a development agreement that includes a provision that title will be transferred or revert to the public authority on expiration of an agreed term.

2."Build, transfer, and operate facility" means a build, transfer, and operate fee-based facility constructed, improved, or rehabilitated by a private operator who:

a.Transfers the interest it may have in the facility to the public authority before operation begins; and

b.Operates the fee-based facility for an agreed term pursuant to a le

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this chapter, unless the context or subject matter otherwise requires:
1. "Build, operate, and transfer facility" means a build, operate, and transfer fee-based
facility constructed, improved, or rehabilitated and afterward operated by a private
operator who holds title to the facility subject to a development agreement that
includes a provision that title will be transferred or revert to the public authority on
expiration of an agreed term.
2. "Build, transfer, and operate facility" means a build, transfer, and operate fee-based
facility constructed, improved, or rehabilitated by a private operator who:
a. Transfers the interest it may have in the facility to the public authority before
operation begins; and
b. Operates the fee-based facility for an agreed term pursuant to a lease,
management, or concession agreement.
3. "Development agreement" means a written agreement by and between a public
authority and a private operator which memorializes the parties' agreement with
respect to the construction, improvement, rehabilitation, ownership, or operation of a
fee-based facility. A development agreement must satisfy the requirements of section