§ 54-16-13 — Authority to borrow funds for a disaster - Continuing appropriation

Any board, agency, commission, or officer of the state, subject to the approval of the
emergency commission and the budget section of the legislative management, may borrow
moneys from the Bank of North Dakota for the purpose of responding to a disaster within the
state as declared by the governor pursuant to chapter 37-17.1. The amount of moneys
borrowed is limited to the amount of any estimated federal reimbursement for repair, recovery,
or response relating to a disaster within the state, unless the state contingencies appropriation
is inadequate to pay the estimated state share of the costs, then moneys may be borrowed up
to one hundred percent of the costs incurred by the agency. Any interest payments on the funds
borrowed must be paid from funds transferred to the agency from the state contingencies
appropriation as authorized by the emergency commission and budget section. Any moneys
borrowed from the Bank of North Dakota pursuant to this section are appropriated and may be
spent by the board, agency, commission, or officer of this state for the repair, recovery, or
response relating to a disaster within the state. If it appears to the borrower that at the end of
the biennium the amount available to repay the amount borrowed plus interest is insufficient to
totally repay the Bank of North Dakota, the borrower shall request from the legislative assembly
a deficiency appropriation sufficient for the repayment of the amount borrowed plus interest.