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North Dakota · Through 2026-07-31T11:12:02 · Newer source version available

N.D. Cent. Code § 48-02.1-10: Cost recovery

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Where this section sits in the code
  1. Title 48 Public Buildings
  2. Chapter 48-02.1 Infrastructure Development By Private Operators

Development agreements entered into under this chapter may authorize private operators of fee-based facilities to impose a fee-based charge for the use of the facility and must require that the fee revenues be applied:

1.To repayment of indebtedness incurred for the fee-based facility;

2.To lease or fee-based concessions payments, if any;

3.To costs associated with the operation, administration, and maintenance of the facility; and

4.To reasonable reserves for future capital outlays, if any. Residual fee revenues belong to the private operator, except for any royalties that may be payable to a public authority under the development agreement or a related fee-based concession agreement. After the expiration of any lease for a build, transfer, and operate facility, or after title has reverted for a build, operate, and transfer facility, the public authority may continue to charge a fee for the use of the facility.

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

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