N.D. Cent. Code § 6-09.15-02
This is the official text of N.D. Cent. Code § 6-09.15-02, 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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6-09.15-02. Loan guarantee fund - Administration
Official statutory text
6-09.15-02. Loan guarantee fund - Administration
A beginning entrepreneur loan guarantee fund is created to be used by the Bank of North
Dakota to administer a beginning entrepreneur loan guarantee program to be used in
conjunction with other loan programs. The fund includes moneys appropriated by the legislative
assembly for administration of the program and all earnings, less any administrative charges,
from the investment of those moneys. The Bank may retain any administrative charges
necessary for the administration of the program established by this chapter. The fund is not
subject to section 54-44.1-11. The fund must be audited annually pursuant to section 6-09-29,
and the cost of the audit must be paid from the fund.
A beginning entrepreneur loan guarantee fund is created to be used by the Bank of North
Dakota to administer a beginning entrepreneur loan guarantee program to be used in
conjunction with other loan programs. The fund includes moneys appropriated by the legislative
assembly for administration of the program and all earnings, less any administrative charges,
from the investment of those moneys. The Bank may retain any administrative charges
necessary for the administration of the program established by this chapter. The fund is not
subject to section 54-44.1-11. The fund must be audited annually pursuant to section 6-09-29,
and the cost of the audit must be paid from the fund.
Status: in_force · Read it on the official government site
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