North Dakota § 54-17.2-09 Insurance and credit enhancements added to payments

North Dakota Statutes

§ 54-17.2-09 — Insurance and credit enhancements added to payments

North Dakota § 54-17.2-09

Title 54State Government

Ch. 54-17.2North Dakota Building Authority

This text of North Dakota § 54-17.2-09 (Insurance and credit enhancements added to payments) 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 § 54-17.2-09 (2026).

Text

A financing agreement may provide that the state shall provide insurance or, as additional
payment under a financing agreement, pay the cost of insuring the project against loss or
damage in such sum agreed to by the parties. The financing agreement may also provide for

payment of the cost of such credit enhancements as in the judgment of the commission may be
required for sale of the evidences of indebtedness, including bond insurance or letters of credit.

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A financing agreement may provide that the state shall provide insurance or, as additional
payment under a financing agreement, pay the cost of insuring the project against loss or
damage in such sum agreed to by the parties. The financing agreement may also provide for

payment of the cost of such credit enhancements as in the judgment of the commission may be
required for sale of the evidences of indebtedness, including bond insurance or letters of credit.