North Dakota Code 15-12.1-13 – Agronomy seed farm – Investment of reserve income fund
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At the direction of the center director of the agronomy seed farm with the approval of the station director, the state treasurer shall provide for the investment of available moneys in the agronomy seed farm reserve income fund. The state treasurer shall credit the investment income to the agronomy seed farm reserve income fund. The moneys in the fund may be spent only within the limits of legislative appropriation.
Terms Used In North Dakota Code 15-12.1-13
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49