Water resource districts - Assumption of assets and liabilities of drain boards
N.D. Cent. Code § 61-16.1-61
in effect61-16.1-61. Water resource districts - Assumption of assets and liabilities of drain
boards.
Beginning on July 1, 1981, each water resource district shall assume all assets, liabilities,
and obligations of any county drain board whose territory is included within the boundaries of
the district. When the jurisdiction of any county drain board is included within two or more
districts, the county auditor shall determine the apportionment of any assets, liabilities, and
obligations. Such apportionment shall be based on the proportionate amount of taxable
valuation included in each district, except that special assessment projects and funds, property
interests, and physical assets attached to the land shall be assumed by the district in which the
project is located. Property interests and physical assets attached to the land shall be assumed
by the district in which they are located. Prior to February 1, 1983, and for review by each
affected water resource board, each water resource district and county drain board shall have a
certified public accountant prepare a final audit of its financial records, including all special
assessment funds and obligations, assets, and other liabilities. All necessary actions to
accomplish the transfer of assets and obligations under this section shall be complete prior to
January 1, 1982.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t61c16-1.pdf#nameddest=61-16p1-61Fetched: 10/16/2026