North Dakota Century Code Title 23. Health and Safety § 23-11-13. Rentals--How fixed by authority

1. Pay, as the same become due, the principal and interest on the bonds of the authority;

2. Meet the cost of, and provide for maintaining and operating, the projects of the authority, including the cost of any insurance thereon, and the administrative expenses of the authority; and

3. Create, during not less than the six years immediately succeeding its issuance of any bonds, a reserve sufficient to meet the largest principal and interest payments which will be due on such bonds in any one year thereafter, and to maintain such reserve.