North Dakota § 54-52.6-06 Administrative expenses - Continuing appropriation

North Dakota Statutes

§ 54-52.6-06 — Administrative expenses - Continuing appropriation

North Dakota § 54-52.6-06

Title 54State Government

Ch. 54-52.6Defined Contribution Retirement Plan

This text of North Dakota § 54-52.6-06 (Administrative expenses - Continuing appropriation) 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 § 54-52.6-06 (2026).

Text

Participating members shall pay the administrative expenses of the plan in a manner
determined by the board. The board, or vendors contracted for by the board, may charge
reasonable administrative expenses and deduct those expenses from a participating member's
account in the defined contribution retirement plan established under this chapter. The board
may also pay the administrative expenses of the plan from fines and fees collected from
vendors in a manner determined by the board. The board shall place vendor fines and fees and
any money deducted from participating members' accounts in an administrative expenses
account with the state treasurer. The board may use funds from the payroll clearing account
established pursuant to section 54-52.3-03 to pay for consulting expenses. All moneys

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Participating members shall pay the administrative expenses of the plan in a manner
determined by the board. The board, or vendors contracted for by the board, may charge
reasonable administrative expenses and deduct those expenses from a participating member's
account in the defined contribution retirement plan established under this chapter. The board
may also pay the administrative expenses of the plan from fines and fees collected from
vendors in a manner determined by the board. The board shall place vendor fines and fees and
any money deducted from participating members' accounts in an administrative expenses
account with the state treasurer. The board may use funds from the payroll clearing account
established pursuant to section 54-52.3-03 to pay for consulting expenses. All moneys in the
payroll clearing account, not otherwise appropriated, or so much of the moneys as may be
necessary, are appropriated to the board on a continuing basis for the purpose of retaining a
consultant as required for the administration of this chapter.