North Dakota § 54-17.2-11 Costs and reserves to be covered by rent and charges or other payments

North Dakota Statutes

§ 54-17.2-11 — Costs and reserves to be covered by rent and charges or other payments

North Dakota § 54-17.2-11

Title 54State Government

Ch. 54-17.2North Dakota Building Authority

This text of North Dakota § 54-17.2-11 (Costs and reserves to be covered by rent and charges or other 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 § 54-17.2-11 (2026).

Text

Payments under a financing agreement for a project must be sufficient at all times to pay
any maintenance and operation costs for the project, unless the maintenance and operation
costs are otherwise provided for under the financing agreement, the principal of and interest on
any evidence of indebtedness, and a proportion of the administrative expenses of the
commission as provided for by each financing agreement, and the reserves as may be provided
in the resolutions authorizing the issuance of evidences of indebtedness.

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Payments under a financing agreement for a project must be sufficient at all times to pay
any maintenance and operation costs for the project, unless the maintenance and operation
costs are otherwise provided for under the financing agreement, the principal of and interest on
any evidence of indebtedness, and a proportion of the administrative expenses of the
commission as provided for by each financing agreement, and the reserves as may be provided
in the resolutions authorizing the issuance of evidences of indebtedness.