Sinking fund for payment of interest and principal

N.D. Cent. Code § 40-34-06
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
40-34-06. Sinking fund for payment of interest and principal If a service rate is charged to the users of an improvement made under this chapter, a sufficient portion of the moneys collected for such service shall be set aside as a sinking fund for the payment of the interest on the bonds and the principal thereof at maturity, and shall constitute a special fund which shall be used for no other purpose.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t40c34.pdf#nameddest=40-34-06Fetched: 10/16/2026

Starting a business in North Dakota? North Dakota LLC guide: costs and requirements