North Dakota Statutes
§ 57-19-02 — Special reserve fund - Transfer
1.Moneys in the special reserve fund may be deposited, held, or invested in the same
manner as the sinking fund of the district or in the purchase of shares or securities of
federal savings and loan associations or state-chartered building and loan
associations, within the limits of federal insurance.
2.Each July first, the board of the school district shall transfer from the special reserve
fund to the district's general fund any amount that exceeds the limitation in section
57-19-01.
Free access — add to your briefcase to read the full text and ask questions with AI
North Dakota § 57-19-02 (Special reserve fund - Transfer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Reed v. Hillsboro Public School District No. 9
477 N.W.2d 237 (North Dakota Supreme Court, 1991)
Nearby Sections
15
§ 57-01-01
Bond of tax commissioner§ 57-01-02.1
Tax collection agreements with home rule cities or counties - Limitations on city or county authority§ 57-01-03
Office of commissioner§ 57-01-04
Salary§ 57-01-05
State supervisor of assessments§ 57-01-06.1
Statement of legislative intent concerning use of sales, market, and productivity studies§ 57-01-10
Tax manuals - Distribution§ 57-01-11
Assessment of or determination of additional tax liability by tax commissioner - Hearing - Appeal§ 57-01-12
Approval of refunds by tax commissioner