North Dakota Century Code Title 6. Banks and Banking § 6-09.8-03. Loan guarantee fund--Administrative charges

There is hereby created a beginning farmer loan guarantee fund which must be used by the Bank to carry out the provisions of this chapter. The fund must include the moneys appropriated by section 54-17-31 as it existed on June 30, 1983, and all earnings, less any administrative charges, from the investment of those moneys, and such moneys are hereby appropriated to the beginning farmer loan guarantee fund. Any and all administrative charges of the Bank necessary for the administration of the program established by this chapter may be charged to earnings of the fund. The fund must be audited annually pursuant to section 6-09-29, and the cost of the audit must be paid from the fund.