N.D. Cent. Code § 6-09.16-03
This is the official text of N.D. Cent. Code § 6-09.16-03, 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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6-09.16-03. Long-term care facility loan fund
Official statutory text
6-09.16-03. Long-term care facility loan fund
1. There is created a long-term care facility loan fund. The fund consists of revenue
transferred from the North Dakota health care trust fund, interest upon moneys in the
fund, and collections of interest and principal on loans made from the fund.
2. The Bank of North Dakota shall administer the loan fund. Funds in the loan fund may
be used for:
a. Loans as provided in this chapter and as approved by the department under
chapter 50-30; and
b. The costs of administration 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.
3. Any money in the fund not required for use under subsection 2 must be transferred to
the North Dakota health care trust fund.
1. There is created a long-term care facility loan fund. The fund consists of revenue
transferred from the North Dakota health care trust fund, interest upon moneys in the
fund, and collections of interest and principal on loans made from the fund.
2. The Bank of North Dakota shall administer the loan fund. Funds in the loan fund may
be used for:
a. Loans as provided in this chapter and as approved by the department under
chapter 50-30; and
b. The costs of administration 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.
3. Any money in the fund not required for use under subsection 2 must be transferred to
the North Dakota health care trust fund.
Status: in_force · Read it on the official government site
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