North Dakota § 54-17-07.4 Housing revenue bonds

North Dakota Statutes

§ 54-17-07.4 — Housing revenue bonds

North Dakota § 54-17-07.4

Title 54State Government

Ch. 54-17Industrial Commission

This text of North Dakota § 54-17-07.4 (Housing revenue bonds) 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 § 54-17-07.4 (2026).

Text

In order to fund its housing finance programs, the industrial commission is authorized to
issue and refund revenue bonds or evidences of debt and indebtedness of the state. The
principal of and interest on such bonds are payable only from revenues generated under the

applicable housing finance programs. The bonds may not constitute a debt of the state of North
Dakota and must contain a statement to that effect on their face. The bonds may be sold at
public or private sale, must mature not more than fifty years from their date or dates, and must
contain such terms and provisions as the commission shall determine. The commission may
capitalize from bond proceeds all expenses incidental to the issuance of the bonds or to the
applicable housing finance program, including, without limitation, 

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

In order to fund its housing finance programs, the industrial commission is authorized to
issue and refund revenue bonds or evidences of debt and indebtedness of the state. The
principal of and interest on such bonds are payable only from revenues generated under the

applicable housing finance programs. The bonds may not constitute a debt of the state of North
Dakota and must contain a statement to that effect on their face. The bonds may be sold at
public or private sale, must mature not more than fifty years from their date or dates, and must
contain such terms and provisions as the commission shall determine. The commission may
capitalize from bond proceeds all expenses incidental to the issuance of the bonds or to the
applicable housing finance program, including, without limitation, any reserves for the payment
of the bonds.