North Dakota Code 40-33-29 – Municipal transportation system – Application – Intent
Current as of: 2023 | Check for updates
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The provisions of sections 40-33-26 through 40-33-29 shall not apply to any case in which a municipality determines that the acquisition of a public transportation system should be financed through general obligation bonds only, or through revenue bonds only, it being the intention of the legislative assembly that sections 40-33-26 through 40-33-29 shall apply only in cases in which such financing is to be accomplished through a combination of revenue bonds and general obligation bonds.
Terms Used In North Dakota Code 40-33-29
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.