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North Dakota · Through 2026-07-31T11:12:02

N.D. Cent. Code § 40-61-12: State and city not liable on bonds - Exceptions as to cities

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Where this section sits in the code
  1. Title 40 Municipal Government
  2. Chapter 40-61 Municipal Parking Authority Act

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.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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