Public finance authority - Issuance on behalf of other state agencies
N.D. Cent. Code § 6-09.4-24
in effect6-09.4-24. Public finance authority - Issuance on behalf of other state agencies
The public finance authority may issue bonds or other evidences of indebtedness on behalf
of other state agencies, instrumentalities, or officers, including the farm finance agency,
industrial commission, North Dakota building authority, student loan trust, and any other state
agency, instrumentality, or officer authorized by law to issue bonds or other evidences of
indebtedness and which elects to enter into an administrative agreement with the public finance
authority under this chapter. The public finance authority may be assisted by any other official
appointed by the industrial commission to aid the executive director or to serve as an authorized
officer of the public finance authority from time to time. Notwithstanding any other provision of
law, in issuing bonds or other evidences of indebtedness and in administering or managing any
bond issue postissuance on behalf of any other state agency, instrumentality, or officer, the
public finance authority may exercise any of the powers and authority of that state agency,
instrumentality, or officer which the industrial commission determines to be necessary or
expedient in the issuance of bonds or other evidences of indebtedness or in the administration
or management of the issue. Any bonds or other evidences of indebtedness issued by the public
finance authority on behalf of any other state agency, instrumentality, or officer, if so determined
by the industrial commission, continues to be the obligation or liability of the state agency or
instrumentality as otherwise provided by law and not an obligation or liability of the public
finance authority.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t06c09-4.pdf#nameddest=6-09p4-24Fetched: 10/16/2026