North Dakota § 48-02.1-02 Private operators

North Dakota Statutes

§ 48-02.1-02 — Private operators

North Dakota § 48-02.1-02

Title 48Public Buildings

Ch. 48-02.1Infrastructure Development by Private Operators

This text of North Dakota § 48-02.1-02 (Private operators) 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 § 48-02.1-02 (2026).

Text

Notwithstanding any other provision of law, private operators may construct, improve, rehabilitate, own, lease, manage, and operate fee-based facilities subject to the terms of this chapter. Private operators may mortgage, grant security interests in, and pledge their interests in, for a period not to exceed the length of the development agreement:

1.Fee-based facilities and their components;

2.Development, leases and concessions, and other related agreements; and

3.Income, profits, and proceeds of the fee-based facility. 48-02.1-03. Public authority may enter into development agreement. A public authority may solicit or accept proposals from private operators for the constructing, improving, rehabilitating, operating, managing, and owning of a fee-based facility that will be situated i

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Notwithstanding any other provision of law, private operators may construct, improve,
rehabilitate, own, lease, manage, and operate fee-based facilities subject to the terms of this
chapter. Private operators may mortgage, grant security interests in, and pledge their interests
in, for a period not to exceed the length of the development agreement:
1. Fee-based facilities and their components;
2. Development, leases and concessions, and other related agreements; and
3. Income, profits, and proceeds of the fee-based facility.
48-02.1-03. Public authority may enter into development agreement.
A public authority may solicit or accept proposals from private operators for the constructing,
improving, rehabilitating, operating, managing, and owning of a fee-based facility that will be
situated in an area subject to the public authority's jurisdiction. After a hearing, the public
authority may accept a proposal that it determines to be in the public interest. A public authority
may negotiate and enter into a development agreement with any private operator.