{"data":{"id":"us-nd/n.d.-cent.-code-15.1-07-09","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 15.1-07-09","heading":"Sinking fund - Transfers - Increases","body":"If a school board transfers money into a sinking fund, the board may not consider the money to be cash on hand when computing the budget for the ensuing fiscal year. A school board may not through transfers increase a sinking fund to the extent that the sinking fund is greater than the amount needed to pay the bond issue in full.","path":["Title 15.1 Elementary And Secondary Education","Chapter 15.1-07 School Districts"],"source_url":"https://ndlegis.gov/cencode/t15-1c07.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"f72872b6b96805cf86037297713eba755a8b70a0b81bd5836973440bad7ec26b","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-15.1-07-08","next":"us-nd/n.d.-cent.-code-15.1-07-10"},"notice":"GroundRules: Original legal text. Not legal advice."}