§ 55-08-07 — State park fund - Appropriation

North Dakota § 55-08-07

• Jurisdiction: North Dakota
• Title 55: State Historical Society and State Parks
• Ch. 55-08: Parks and Recreation Department

Text

All revenues collected as permit fees, admissions, use charges, rentals, compensation for
concession agreements, or otherwise, with the exception of revenue from bequests, trusts, or
gifts, and with the exceptions noted in subdivisions a and b of subsection 4 of section 55-08-06,
must be placed in the state park fund, together with all proceeds of bonds issued pursuant to
section 55-08-08. This fund must be maintained by the state treasurer as a special trust fund
and is irrevocably appropriated and must be used and disbursed solely for the following
purposes:
1. To pay the current cost of furnishing each special service provided in accordance with
this chapter. For this purpose the charges, fees, and rentals for each service must be
credited to a special operating account, from which must be paid only the current,
reasonable, and necessary cost of operating that service, determined in accordance
with accepted accounting practice, including the purchase price of merchandise and
utilities sold and the compensation of employees necessarily attributable to the
furnishing of that service. The director may incur no operating cost for any building,
structure, or facility leased, and the leases must provide for the payment of the costs
by the lessee and for the payment of a net rental in addition to the costs.
2. To provide for the payment and security of the principal and interest when due on any
state park revenue bonds issued under section 55-08-08. For this purpose the
treasurer shall credit to a special service account within the state park fund, as

received, all bond proceeds, all motor vehicle permit fees and all rental payments by
lessees, and all net income remaining in the operating account for each special
service at the end of each month, in excess of the costs of operation thereof which are
then payable or are to become due and payable within one month, and shall transfer
from this fund and account to the revenue bond fund described in section 55-08-09,
whenever necessary, so much of the revenues then on hand as may be required to
produce a balance in the revenue bond fund equal to the interest due and to become
due within eighteen months plus the principal due and to become due within
twenty-four months thereafter on all outstanding series of the bonds.
3. To finance the acquisition, construction, reconstruction, improvement, betterment, or
extension of the department's properties, for projects within state parks, state
campgrounds, state recreation areas, and reserves including the acquisition of land
and water, the erection of buildings and structures, and the improvement of properties
held in trust for or leased by the state, as authorized by the legislative assembly. For
this purpose the director shall authorize the disbursement of bond proceeds and
revenues received in the fund. However, a disbursement may not be made in excess
of the amounts of revenue bonds issued and other funds granted or appropriated and
received for this purpose, and no disbursements may be made at any time when the
balance in the revenue bond fund is less than specified in subsection 2.
4. For any other purpose for which funds have been appropriated by the legislative
assembly to the parks and recreation department. A disbursement may not be made at
any time when the balance in the revenue bond fund is less than specified in
subsection 2.