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Current as of January 01, 2024 | Updated by FindLaw Staff
If designated revenues are not sufficient to pay a loan balance, in addition to the designated revenues, the political subdivision may set aside up to ten percent of the amount of the collections from current tax revenues to pay to the lending bank or credit union on a monthly basis until the delinquent loans have been paid in full.
Cite this article: FindLaw.com - North Dakota Century Code Title 21. Governmental Finance § 21-13-04. Delinquent loans - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-21-governmental-finance/nd-cent-code-sect-21-13-04/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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