§ 54-17.5-04 — Industrial commission powers

North Dakota § 54-17.5-04

• Jurisdiction: North Dakota
• Title 54: State Government
• Ch. 54-17.5: Lignite Research, Development and Marketing

Text

The industrial commission is hereby granted all powers necessary or appropriate to carry
out and effectuate the purposes of this chapter, including the power:
1. To make grants or loans, and to provide other forms of financial assistance as
necessary or appropriate, to qualified persons for research, development, and
marketing projects, processes, or activities directly related to lignite and products
derived from lignite.
2. To make and execute contracts and all other instruments necessary or convenient for
the performance of its powers and functions under this chapter, including the authority
to contract for the administration of the lignite research, development, and marketing
program.
3. To allocate sufficient funding from the lignite research, development, and marketing
program to retain a technical advisor, as determined necessary by the lignite research

council, to support program operations and provide expert analysis, project evaluation,
research coordination, and industry engagement to advance the objective of the lignite
research program and ensure the effective and strategic use of program funds.
4. To issue evidences of indebtedness as authorized in this chapter and to borrow money
in an amount not to exceed six million dollars from the Bank of North Dakota for a
period not to exceed five years on the terms and conditions as the Bank of North
Dakota and the industrial commission may approve without the necessity of
establishing or maintaining any reserve fund as otherwise required by section