North Dakota Century Code Title 6. Banks and Banking § 6-09.4-04. Creation of public finance authority

A public finance authority is established under the operation, management, and control of the industrial commission to be known as the “ public finance authority”. The public finance authority is constituted as an instrumentality of the state exercising public and governmental functions, and the exercise by the public finance authority of the powers conferred by this chapter must be deemed and held to be an essential governmental function of the state.