Sinking fund for payment of interest and principal

N.D. Cent. Code § 40-34-06
in effect
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40-34-06. Sinking fund for payment of interest and principal If a service rate is charged to the users of an improvement made under this chapter, a sufficient portion of the moneys collected for such service shall be set aside as a sinking fund for the payment of the interest on the bonds and the principal thereof at maturity, and shall constitute a special fund which shall be used for no other purpose.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t40c34.pdf#nameddest=40-34-06Fetched: 10/16/2026

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N.D. Cent. Code § 40-34-06 — Sinking fund for payment of interest and principal | North Dakota Century Code (Aug. 2026 snapshot) | Corpus