Contract with united student aid funds, incorporated, or similar nonprofit corporation
N.D. Cent. Code § 15-62.1-08
in effect15-62.1-08. Contract with united student aid funds, incorporated, or similar nonprofit
corporation.
The agency is authorized to appoint the united student aid funds, incorporated, or similar
nonprofit corporation, as agent of the state, to assist in performing the administrative functions
of the state under and subject to the terms and provisions of this chapter and to perform such
other duties as may be prescribed by the agency for the proper administration of the guarantee
loan program. The agency shall pay fees to the united student aid funds, incorporated, or similar
nonprofit corporation, as it may determine necessary for the administration of such program. In
the event that the agency has entered into an agreement with united student aid funds,
incorporated, or a similar nonprofit corporation and at a later date determines that it can
administer the program more economically and efficiently than can such nonprofit corporation, it
shall upon proper notice terminate the agreement with such nonprofit corporation.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t15c62-1.pdf#nameddest=15-62p1-08Fetched: 10/16/2026