North Dakota Century Code — Title 57 (Taxation)
N.D.C.C. § 57-51.1-07.3
Oil and gas research fund - Deposits - Continuing appropriation
There is established a special fund in the state treasury to be known as the oil and gas research fund. Before depositing oil and gas gross production tax and oil extraction tax revenues under section 57-51.1-07.5, two percent of the revenues must be deposited monthly into the oil and gas research fund, up to ten million dollars per biennium. All moneys deposited in the oil and gas research fund and interest on all such moneys are appropriated as a continuing appropriation to the council to be used for purposes stated in chapter 54-17.6.
57-51.1-07.4. Separate allocation of state share of collections from reservation development.
Repealed by S.L. 2011, ch. 483, § 11.
Amendment history
S.L. 2011, ch. 483, § 11
Source: view the official PDF
In this chapter (12 sections)
- 57-51.1-01 · Definitions for oil extraction tax
- 57-51.1-02 · Imposition of oil extraction tax
- 57-51.1-03 · Exemptions from oil extraction tax
- 57-51.1-05 · Administration of oil extraction tax
- 57-51.1-06 · Oil extraction tax development fund established
- 57-51.1-07 · Allocation of moneys in oil extraction tax development fund
- 57-51.1-07.3 · Oil and gas research fund - Deposits - Continuing…
- 57-51.1-07.5 · State share of oil and gas taxes - Deposits
- 57-51.1-07.6 · Political subdivision allocation fund
- 57-51.1-07.9 · State energy research center fund - Continuing…
- 57-51.1-07.10 · Straddle well distribution
- 57-51.1-08 · Intent