North Dakota Code 25-18-14 – Maximum annual return on investment
Current as of: 2023 | Check for updates
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Profit-motivated institutions or facilities must be allowed an annual return on investment in fixed assets related to client care. The maximum return on investment must be established based upon the existing debt divided by original asset cost and must be determined as follows:
Terms Used In North Dakota Code 25-18-14
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Annual average percentage debt to annual average assets Return 51 to 80 percent – 2 percent return on original cost of fixed assets 0 to 50 percent – 3 percent return on original cost of fixed assets