North Dakota Statutes

§ 57-47-05 — County loan fund established

North Dakota § 57-47-05
JurisdictionNorth Dakota
Title 57Taxation
Ch. 57-47County Deficiency Levy

This text of North Dakota § 57-47-05 (County loan fund established) 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 § 57-47-05 (2026).

Text

The board of county commissioners authorizing the levying of such tax shall establish a special fund in the county treasury designated as the county loan fund and all moneys collected from the general tax levied for the purpose of repaying any loans, with interest, must be deposited to the credit of said special fund and may be used only for the purpose of repaying the principal, with accrued interest, due upon loans made by the county as the same matures. The balance, if any, remaining in said special fund, after the amount of the loan, with accrued interest, has been paid in full, may be transferred by the county commissioners to the general fund of the county.

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Bluebook (online)
North Dakota § 57-47-05, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/57-47-05.