North Dakota § 54-17.2-14 Purposes for which evidences of indebtedness issue - Refunding and refinancing - Pledge of income

North Dakota Statutes

§ 54-17.2-14 — Purposes for which evidences of indebtedness issue - Refunding and refinancing - Pledge of income

North Dakota § 54-17.2-14

Title 54State Government

Ch. 54-17.2North Dakota Building Authority

This text of North Dakota § 54-17.2-14 (Purposes for which evidences of indebtedness issue - Refunding and refinancing - Pledge of income) 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 § 54-17.2-14 (2026).

Text

refinancing - Pledge of income.
To accomplish its purposes, the commission may borrow and issue and sell evidences of
indebtedness in an amount or amounts as the commission may determine, but not in excess of
legislative authorization, plus costs of issuance, financing, interest during construction, and any
evidences of indebtedness funded reserve funds required by agreements with or for the benefit
of holders of evidences of indebtedness for the purpose of acquiring, constructing, completing,
or remodeling, maintaining, or equipping any project or projects. The commission may refund
and refinance the evidences of indebtedness from time to time as often as it is advantageous
and in the public interest to do so and may pledge any and all income of the commission, and
any revenues derived by

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refinancing - Pledge of income.
To accomplish its purposes, the commission may borrow and issue and sell evidences of
indebtedness in an amount or amounts as the commission may determine, but not in excess of
legislative authorization, plus costs of issuance, financing, interest during construction, and any
evidences of indebtedness funded reserve funds required by agreements with or for the benefit
of holders of evidences of indebtedness for the purpose of acquiring, constructing, completing,
or remodeling, maintaining, or equipping any project or projects. The commission may refund
and refinance the evidences of indebtedness from time to time as often as it is advantageous
and in the public interest to do so and may pledge any and all income of the commission, and
any revenues derived by the commission or the state from a project or any combination thereof,
to secure payment or redemption of the evidences of indebtedness.