A public finance authority is established under the operation, management, and control of the industrial commission to be known as the “public finance authority”. The public finance authority is constituted as an instrumentality of the state exercising public and governmental functions, and the exercise by the public finance authority of the powers conferred by this chapter must be deemed and held to be an essential governmental function of the state.

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Terms Used In North Dakota Code 6-09.4-04

  • 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