North Dakota Century Code — Title 57 (Taxation)
N.D.C.C. § 57-19-02
Special reserve fund - Transfer
Official textlegis.nd.gov
# 1.
Moneys in the special reserve fund may be deposited, held, or invested in the same manner as the sinking fund of the district or in the purchase of shares or securities of federal savings and loan associations or state-chartered building and loan associations, within the limits of federal insurance.
# 2.
Each July first, the board of the school district shall transfer from the special reserve fund to the district's general fund any amount that exceeds the limitation in section 57-19-01.
Source: view the official PDF
In this chapter (10 sections)
- 57-19-01 · School district - Establishment of special reserve fund
- 57-19-02 · Special reserve fund - Transfer
- 57-19-03 · Transfer of other funds to special reserve fund
- 57-19-04 · May levy tax beyond levy limitations
- 57-19-05 · Fund not considered in fixing budget
- 57-19-06 · Special reserve fund - How and when used
- 57-19-08 · When officers personally liable
- 57-19-09 · Special reserve fund -Correction of error
- 57-19-10 · Special reserve funds - Transfer of control
- 57-19-11 · Special reserve fund - Use