N.D. Cent. Code § 40-61-12: State and city not liable on bonds - Exceptions as to cities
Where this section sits in the code
- Title 40 Municipal Government
- 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