North Dakota Century Code — Title 57 (Taxation)
N.D.C.C. § 57-19-03
Transfer of other funds to special reserve fund
Official textlegis.nd.gov
Any school district having on hand funds, other than sinking or building funds, which are not otherwise encumbered, and which are not required for the payment of the items contained in the current operating budget, by a resolution of the governing board of the school district, may set aside a part or all of such surplus funds in such a special reserve fund, subject to the limitation contained in section 57-19-01 on the size of such fund.
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