North Dakota § 54-30-17.1 Land acquired by state treasurer - Sale or lease by the Bank of North Dakota or board of university and school lands - Deposit of net proceeds in bond sinking fund

North Dakota Statutes

§ 54-30-17.1 — Land acquired by state treasurer - Sale or lease by the Bank of North Dakota or board of university and school lands - Deposit of net proceeds in bond sinking fund

North Dakota § 54-30-17.1

Title 54State Government

Ch. 54-30Bonds of North Dakota, Real Estate Series

This text of North Dakota § 54-30-17.1 (Land acquired by state treasurer - Sale or lease by the Bank of North Dakota or board of university and school lands - Deposit of net proceeds in bond sinking fund) 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 § 54-30-17.1 (2026).

Text

Dakota or board of university and school lands - Deposit of net proceeds in bond sinking
fund.
The Bank of North Dakota or the board of university and school lands, as agent of the state
treasurer as trustee for the state of North Dakota, shall manage all lands acquired in the name
of the state treasurer as trustee for the state of North Dakota under this chapter and, with the
approval of the state treasurer, shall have full power to sell or lease such lands. All instruments
executed by the Bank or board in furtherance of this authority must be executed by an
authorized officer or employee of the Bank or board in the name of "The Bank of North Dakota
or the board of university and school lands as agent for the state treasurer as trustee for the
state of North Dakota". The Bank or board may

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Dakota or board of university and school lands - Deposit of net proceeds in bond sinking
fund.
The Bank of North Dakota or the board of university and school lands, as agent of the state
treasurer as trustee for the state of North Dakota, shall manage all lands acquired in the name
of the state treasurer as trustee for the state of North Dakota under this chapter and, with the
approval of the state treasurer, shall have full power to sell or lease such lands. All instruments
executed by the Bank or board in furtherance of this authority must be executed by an
authorized officer or employee of the Bank or board in the name of "The Bank of North Dakota
or the board of university and school lands as agent for the state treasurer as trustee for the
state of North Dakota". The Bank or board may charge a fee and may be reimbursed for all
actual costs incurred in the management and sale of these lands. The net proceeds from the
sale or lease of these lands must be deposited in the real estate bond sinking fund established
by this chapter. The sale and leasing of these lands must be done in accordance with chapter
15-07. In the case of a lease by the party holding the right of redemption, that party has the right
to buy at any time.