North Dakota Code 61-12-42 – Bonds issued on amortization plan
Current as of: 2023 | Check for updates
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If bonds are issued on the amortization plan, the board of county commissioners shall provide funds for the payment of each annual amortization maturity, both for the payment of interest and for the principal portion of said maturity.
Terms Used In North Dakota Code 61-12-42
- Amortization: Paying off a loan by regular installments.