North Dakota § 54-17.2-05.1 Lease of state property to commission - Leaseback to state

North Dakota Statutes

§ 54-17.2-05.1 — Lease of state property to commission - Leaseback to state

North Dakota § 54-17.2-05.1

Title 54State Government

Ch. 54-17.2North Dakota Building Authority

This text of North Dakota § 54-17.2-05.1 (Lease of state property to commission - Leaseback to state) 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 § 54-17.2-05.1 (2026).

Text

Notwithstanding any other provision in this chapter, the state may lease any project or other
property to the commission, in lieu of a transfer of title, and the commission may sublease or
leaseback any such project or property back to the state in connection with any financing by the
commission under this chapter. Any reference in this chapter to the power or authority of the
commission or the state to sell, convey, or lease any project or other property to the other must
be deemed to include the power or authority to lease, sublease, or leaseback such project or
property, as the case may be.

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Notwithstanding any other provision in this chapter, the state may lease any project or other
property to the commission, in lieu of a transfer of title, and the commission may sublease or
leaseback any such project or property back to the state in connection with any financing by the
commission under this chapter. Any reference in this chapter to the power or authority of the
commission or the state to sell, convey, or lease any project or other property to the other must
be deemed to include the power or authority to lease, sublease, or leaseback such project or
property, as the case may be.