N.D. Cent. Code § 6-09.12-02
This is the official text of N.D. Cent. Code § 6-09.12-02, 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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6-09.12-02. Bank of North Dakota may make loans for oil and gas development projects
Official statutory text
6-09.12-02. Bank of North Dakota may make loans for oil and gas development
projects.
The North Dakota industrial commission shall establish a program through the Bank of
North Dakota for the purpose of participating in loans made by North Dakota financial
institutions for oil and gas development projects undertaken by developers within the state. The
Bank's total participation in any one loan may not exceed one hundred thousand dollars. The
interest on a loan may not be greater than the Bank's base rate as in effect from time to time
and may float.
projects.
The North Dakota industrial commission shall establish a program through the Bank of
North Dakota for the purpose of participating in loans made by North Dakota financial
institutions for oil and gas development projects undertaken by developers within the state. The
Bank's total participation in any one loan may not exceed one hundred thousand dollars. The
interest on a loan may not be greater than the Bank's base rate as in effect from time to time
and may float.
Status: in_force · Read it on the official government site
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