North Dakota Statutes

§ 61-40-09 — Default

North Dakota § 61-40-09
JurisdictionNorth Dakota
Title 61Waters
Ch. 61-40Western Area Water Supply Authority

This text of North Dakota § 61-40-09 (Default) 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 § 61-40-09 (2026).

Text

If the western area water supply authority defaults on its payment of the principal or interest on the infrastructure revolving loan provided for in section 61-40-14, the Bank of North Dakota shall notify the legislative council, and the state water commission shall provide a payment, subject to budget section approval, to the Bank of North Dakota in an amount of the default as certified to the budget section by the Bank of North Dakota.

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Bluebook (online)
North Dakota § 61-40-09, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/61-40-09.