There is created in the state treasury the legacy sinking and interest fund. The fund consists of all moneys deposited in the fund under section 54-27-32. Moneys in the fund may be spent by the public finance authority pursuant to legislative appropriations to meet the debt service requirements for evidences of indebtedness issued by the authority for transfer to the Bank of North Dakota for allocations to infrastructure projects and programs.
N.D. Cent. Code § 6-09.4-10.1
Legacy sinking and interest fund - Debt service requirements - Public finance authority
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.