North Dakota § 54-17-34.3 Financing

North Dakota Statutes

§ 54-17-34.3 — Financing

North Dakota § 54-17-34.3

Title 54State Government

Ch. 54-17Industrial Commission

This text of North Dakota § 54-17-34.3 (Financing) 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 § 54-17-34.3 (2026).

Text

Financing may be accomplished by the issuance of evidences of indebtedness by the
industrial commission acting as the farm finance agency and the entering into of a financing
agreement between the industrial commission acting as the farm finance agency and lenders or
individuals. Any financing agreement entered into between the industrial commission and any
lender or individual is payable as to principal and interest only from the payments made thereon
by the first-time farmer, and the financing agreement and any evidence of indebtedness may not
constitute a debt of the state of North Dakota or any agency or instrumentality thereof within the
meaning of any constitutional or statutory debt limit.

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Financing may be accomplished by the issuance of evidences of indebtedness by the
industrial commission acting as the farm finance agency and the entering into of a financing
agreement between the industrial commission acting as the farm finance agency and lenders or
individuals. Any financing agreement entered into between the industrial commission and any
lender or individual is payable as to principal and interest only from the payments made thereon
by the first-time farmer, and the financing agreement and any evidence of indebtedness may not
constitute a debt of the state of North Dakota or any agency or instrumentality thereof within the
meaning of any constitutional or statutory debt limit.