N.D. Cent. Code § 40-33-10
40-33-10. Municipal utilities fund - Contents - Kept separate from other funds - Use and disbursement
40-33-10. Municipal utilities fund - Contents - Kept separate from other funds - Use
and disbursement.
All money received by a municipality for the service of any utility owned and operated by the
municipality, and all money, receipts, and returns received from any investments of the earnings
of such utilities, shall be paid into the treasury of the municipality and kept in a fund known as
the municipal utilities fund. All of the moneys, earnings, and receipts deposited in such fund
shall be kept separate and distinct from all other funds of the municipality until used. The fund
shall be used only for the purposes and disbursed only in the manner provided by this chapter.