North Dakota Statutes
§ 61-16.1-16 — Revenue bonds
North Dakota § 61-16.1-16
This text of North Dakota § 61-16.1-16 (Revenue bonds) 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 § 61-16.1-16 (2026).
Text
Each district shall have the power and authority to issue revenue bonds, not exceeding an
aggregate total outstanding of fifty million dollars, for the purpose of financing construction of
projects and incidental facilities authorized by this chapter. Issuance of revenue bonds must be
approved by two-thirds of all of the members of the water resource board. The district shall
pledge sufficient revenue from any revenue-producing facility constructed with the aid of
revenue bonds for the payment of principal and interest on the bonds and shall establish rates
for the facilities at a sufficient level to provide for the operation of such facilities and for the bond
payments. Revenue bonds shall not be a general obligation of any county and shall not be
secured by property taxes.
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Nearby Sections
15
§ 61-01-01
Waters of the state - Public waters§ 61-01-01.1
Reciprocal rights of riparian owners§ 61-01-02
Right to use water - Basis - Waters appropriated for irrigation purposes - Priority in time§ 61-01-04
Eminent domain - Who may exercise§ 61-01-06
Watercourse and waterway - Definitions§ 61-01-07
Obstruction of watercourses - Penalty§ 61-01-08
Obstructing navigation - Penalty§ 61-01-09
Destruction of dams - Penalty§ 61-01-11
Removing or injuring piles - PenaltyCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 61-16.1-16, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/61-16.1-16.