North Dakota Code 24-05-04.1 – County not to lease its equipment for less than cost of operation
Current as of: 2023 | Check for updates
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No county, city, or township may lease, rent, or enter into a contract or agreement for the use of any road construction or maintenance equipment belonging to any county, city, or township on other than county, city, or township roads or projects at a rate which is less than the current equipment rental rates adopted by the North Dakota department of transportation as shown in its Standard Specifications for Road and Bridge Construction manual.
Terms Used In North Dakota Code 24-05-04.1
- Contract: A legal written agreement that becomes binding when signed.
- Department: means the department of transportation of this state as provided by section 24-02-01. See North Dakota Code 24-01-01.1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC