N.D. Cent. Code § 11-28.3-09
This is the official text of N.D. Cent. Code § 11-28.3-09, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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11-28.3-09. Emergency medical service policy - Levy - Financial report
Official statutory text
11-28.3-09. Within the limits herein authorized, the district may borrow money and issue
appropriate evidence of indebtedness. No evidence of indebtedness issued under the
provisions of this chapter and sold privately shall bear interest at a rate or rates and be sold at a
price resulting in an average annual net interest cost higher than eight percent. There shall be
no interest rate ceiling on those issues sold at public sale. No evidence of indebtedness issued
under the provisions of this chapter shall be sold for less than ninety-eight percent of par value
plus accrued interest, if any interest has accrued as of the date of delivery thereof.
appropriate evidence of indebtedness. No evidence of indebtedness issued under the
provisions of this chapter and sold privately shall bear interest at a rate or rates and be sold at a
price resulting in an average annual net interest cost higher than eight percent. There shall be
no interest rate ceiling on those issues sold at public sale. No evidence of indebtedness issued
under the provisions of this chapter shall be sold for less than ninety-eight percent of par value
plus accrued interest, if any interest has accrued as of the date of delivery thereof.
Status: in_force · Read it on the official government site
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