North Dakota Code 54-17.7-11 – Pipeline authority administrative fund – Continuing appropriation
There is created a pipeline authority administrative fund.
Terms Used In North Dakota Code 54-17.7-11
- Contract: A legal written agreement that becomes binding when signed.
- 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
1. Revenue to the fund must include:
a. Moneys received from the state‘s oil and gas research council administrative budget.
b. Moneys received from any federal agency for the purpose of this section. c. Moneys donated to the pipeline authority for the purposes of this section.
d. Moneys received from the state’s oil and gas impact fund.
e. Such other moneys as may be deposited in the fund for use in carrying out the purposes of the authority.
2. This fund must be maintained as a special fund and all moneys transferred into the fund are appropriated on a continuing basis and must be used and disbursed solely for the purpose of defraying the administrative costs incurred by the pipeline authority.
3. Utilizing funds from the oil and gas research fund, the industrial commission shall contract for or hire staffing necessary to effectively administer the pipeline authority.