North Dakota Century Code — Title 57 (Taxation)
N.D.C.C. § 57-19-11
Special reserve fund - Use
Official textlegis.nd.gov
If collections from taxes levied for the current budget are insufficient to meet the requirements of the budget for teacher salaries, heat, light, and fuel, a majority of the school board may direct the school district business manager to draw on funds in the special reserve fund of the district. The school board, by resolution, may withdraw without repayment fifty percent of the funds from the special reserve fund of the school district.
Page No. 2
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