North Dakota Statutes
§ 61-35-15 — Revenue bonds
North Dakota § 61-35-15
This text of North Dakota § 61-35-15 (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 § 61-35-15 (2026).
Text
A district may issue revenue bonds, not exceeding an aggregate total outstanding of fifty
million dollars, to finance 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
district 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 may not be a general obligation of any
political subdivision and may not be secured by property taxes.
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Nearby Sections
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§ 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 § 61-35-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/61-35-15.