North Dakota § 61-24.5-10 District budget - Tax levy

North Dakota Statutes

§ 61-24.5-10 — District budget - Tax levy

North Dakota § 61-24.5-10

Title 61Waters

Ch. 61-24.5Southwest Water Authority

This text of North Dakota § 61-24.5-10 (District budget - Tax levy) 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 § 61-24.5-10 (2026).

Text

For each taxable year through 2020, the authority may levy a tax of not to exceed one mill
annually on each dollar of taxable valuation within the boundaries of the authority for the
payment of administrative expenses of the authority, including per diem, mileage, and other
expenses of directors, expenses of operating the office, engineering, surveying, investigations,
legal, administrative, clerical, and other related expenses of the authority. All moneys collected
pursuant to the levy must be deposited to the credit of the authority and may be disbursed only
as herein provided. The board may invest any funds on hand, not needed for immediate
disbursement or which are held in reserve for future payments, in bonds of the United States,
certificates of deposit guaranteed or insured by the U

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For each taxable year through 2020, the authority may levy a tax of not to exceed one mill
annually on each dollar of taxable valuation within the boundaries of the authority for the
payment of administrative expenses of the authority, including per diem, mileage, and other
expenses of directors, expenses of operating the office, engineering, surveying, investigations,
legal, administrative, clerical, and other related expenses of the authority. All moneys collected
pursuant to the levy must be deposited to the credit of the authority and may be disbursed only
as herein provided. The board may invest any funds on hand, not needed for immediate
disbursement or which are held in reserve for future payments, in bonds of the United States,
certificates of deposit guaranteed or insured by the United States or an instrumentality or
agency thereof, and bonds or certificates of indebtedness of the state of North Dakota or any of
its political subdivisions. During the period of time in which the authority may levy one mill
annually as provided herein, any joint water resource board created pursuant to section
61-16.1-11, by or among one or more of the water resource districts in the counties which are
included in the authority, must be limited to one mill under the authority of section 61-16.1-11.