North Dakota § 61-02.1-02.1 Funding - Statewide water development projects - Bond issuance amount

North Dakota Statutes

§ 61-02.1-02.1 — Funding - Statewide water development projects - Bond issuance amount

North Dakota § 61-02.1-02.1

Title 61Waters

Ch. 61-02.1Flood Control or Reduction Projects

This text of North Dakota § 61-02.1-02.1 (Funding - Statewide water development projects - Bond issuance amount) 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.

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N.D. Cent. Code § 61-02.1-02.1 (2026).

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amount.

1.The priorities for the statewide water development program include municipal, rural, and industrial projects; irrigation projects; general water management projects, including rural flood control, snagging and clearing, channel improvement, recreation, and planning studies; flood control projects; and weather modification projects, which are authorized and declared to be in the public interest. The state water commission may provide the funds necessary to construct these projects from money appropriated to the state water commission from the resources trust fund or by issuing bonds in an amount not to exceed sixty million dollars plus the costs of issuance of the bonds, capitalized interest, and reasonably required reserves. The proceeds of any bonds issued under the authority

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amount.
1. The priorities for the statewide water development program include municipal, rural,
and industrial projects; irrigation projects; general water management projects,
including rural flood control, snagging and clearing, channel improvement, recreation,
and planning studies; flood control projects; and weather modification projects, which
are authorized and declared to be in the public interest. The state water commission
may provide the funds necessary to construct these projects from money appropriated

to the state water commission from the resources trust fund or by issuing bonds in an
amount not to exceed sixty million dollars plus the costs of issuance of the bonds,
capitalized interest, and reasonably required reserves. The proceeds of any bonds
issued under the authority provided in this section are appropriated to the state water
commission for the purposes set forth in this section.
2. If the state water commission determines it is appropriate to do so, it may, in lieu of
issuing or in combination with the issuance of bonds pursuant to this section or section
61-02.1-01, for all or part of the state's cost share for the projects set forth in those
provisions, use funds appropriated to it from the resources trust fund.