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Notwithstanding section 54-27.2-02 and subject to the availability of funds in the general fund, at the end of the biennium the director of the budget shall return to the Bank of North Dakota any funds transferred from the Bank to the general fund in response to a projected shortfall of general fund revenues pursuant to a contingent authorization by the legislative assembly. The amount returned to the Bank as required by this section must be the amount of the contingent transfer or the unobligated balance of the general fund at the end of the biennium, whichever is less. For purposes of this section “at the end of the biennium” means after cancellation of unexpended appropriations under section 54-44.1-11.
Cite this article: FindLaw.com - North Dakota Century Code Title 54. State Government § 54-44.1-17. Bank of North Dakota transfers to the general fund--Restoration - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-54-state-government/nd-cent-code-sect-54-44-1-17/
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