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Irrigation District Finance Program (North Dakota Century Code: Title 61 Waters; Chapter 61-37)

Country/Territory
United States of America
Territorial subdivision
North Dakota
Document type
Legislation
Date
2017
Source
FAO, FAOLEX
Subject
Water
Keyword
Irrigation Local government Governance Financing Contract/agreement
Geographical area
Americas, Arctic, East Pacific, North America, North Atlantic
Abstract

This Chapter of the North Dakota Century Code approves the North Dakota Irrigation District Finance Program. It provides that the North Dakota irrigation district finance program is established under the operation, management, and control of the commission. The program is constituted as an instrumentality of the state exercising public and governmental functions. It further provides that participation in the program by an irrigation district is voluntary and no irrigation district may be required to sell its municipal security issues to the program. Notwithstanding any other law, an irrigation district that wishes to participate in the program may enter into an agreement with the program for the purchase by the program of a municipal security issue of the irrigation district, including the purchase by the program of an issue of refunding municipal securities, which may be required by agreement with the program to be issued at a rate of interest higher or lower than that of the municipal security issue to be refunded.

Full text
English
Website
www.legis.nd.gov