North Dakota § 54-17.2-01 Definitions

North Dakota Statutes

§ 54-17.2-01 — Definitions

North Dakota § 54-17.2-01

Title 54State Government

Ch. 54-17.2North Dakota Building Authority

This text of North Dakota § 54-17.2-01 (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 § 54-17.2-01 (2026).

Text

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

1."Commission" means the industrial commission acting as the North Dakota building authority created under this chapter.

2."Evidences of indebtedness" means bonds, notes, debentures, and other evidences of indebtedness issued by the commission on behalf of the state of North Dakota to evidence money owed or borrowed.

3."Financing agreement" means a written agreement between the commission and the state with respect to a project, whereby the state agrees to pay to the commission, when due, the principal of, premium, if any, and interest on bonds issued by the commission with respect to that project. A financing agreement may be in the form of a lease, mortgage, direct or installment sale contract, loan agre

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As used in this chapter, unless the context or subject matter requires otherwise:
1. "Commission" means the industrial commission acting as the North Dakota building
authority created under this chapter.
2. "Evidences of indebtedness" means bonds, notes, debentures, and other evidences of
indebtedness issued by the commission on behalf of the state of North Dakota to
evidence money owed or borrowed.
3. "Financing agreement" means a written agreement between the commission and the
state with respect to a project, whereby the state agrees to pay to the commission,
when due, the principal of, premium, if any, and interest on bonds issued by the
commission with respect to that project. A financing agreement may be in the form of a
lease, mortgage, direct or installment sale contract, loan agreement, or take-or-pay or
similar agreement, and be secured in a manner the parties agree to or be unsecured.
4. "Project" or "projects" means any:
a. Legislatively authorized building or buildings primarily for the use of the state,
including related structures, parking facilities, equipment, improvements, real and
personal property or any interest therein, including lands under water, space
rights and air rights, and other appurtenances and facilities necessary or
convenient to the use or operation of the building or buildings, acquired, owned,
constructed, reconstructed, extended, rehabilitated, or improved by the
commission; or
b. Any other undertaking authorized by the legislative assembly.
5. "Project cost" means the total cost of a project or projects and all costs of issuance,
financing, and interest during project construction or implementation included in the
principal amount of evidences of indebtedness issued.
6. "State" means any branch of North Dakota government or any office, department,
board, commission, bureau, division, public authority or corporation, agency, or
instrumentality of the state.