N.D. Cent. Code § 48-02.1-10: Cost recovery
Where this section sits in the code
- Title 48 Public Buildings
- 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