State and city not liable on bonds - Exceptions as to cities

N.D. Cent. Code § 40-61-12
in effect
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40-61-12. State and city not liable on bonds - Exceptions as to cities The bonds and other obligations of an authority shall not be a debt of the state of North Dakota and the state shall not be liable thereon. The bonds and other obligations of an authority shall not be a debt of a city and a city shall not be liable thereon unless a city agrees to assist in financing projects and facilities through the issuance of municipal bonds or other obligations which are considered to be a part of the debt of the city as provided in section 40-61-03.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t40c61.pdf#nameddest=40-61-12Fetched: 10/16/2026

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