Loan guarantee fund - Administrative charges
N.D. Cent. Code § 6-09.8-03
in effect6-09.8-03. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c09-8.pdf#nameddest=6-09p8-03Fetched: 10/16/2026