North Dakota Code 57-20-23 – County responsible for collecting and transmitting state taxes
Current as of: 2023 | Check for updates
|
Other versions
Each county is responsible to the state for the full amount of the taxes levied for state purposes, except such amounts or taxes as have been canceled as uncollectible, or canceled or abated, as provided by law. If any county treasurer proves to be a defaulter, to any amount, of state revenue, the county shall make up the deficiency from revenues derived from the county’s general fund levy authority over a period of three years, without interest, and the county can have recourse to the official bond of the county treasurer for indemnity.
Terms Used In North Dakota Code 57-20-23
- Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
- 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