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Current as of January 01, 2024 | Updated by Findlaw Staff
Net income from land and money in the trust must be used in part to pay to the county where the land is located the same amount that would have been assessed against the land for real property taxes if the land was privately owned.
Cite this article: FindLaw.com - North Dakota Century Code Title 15. Education § 15-68-05. Payments in lieu of taxation - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-15-education/nd-cent-code-sect-15-68-05/
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