N.D. Cent. Code § 57-19-01
57-19-01. School district - Establishment of special reserve fund
57-19-01. School district - Establishment of special reserve fund
Each school district in this state may establish and maintain a special reserve fund, subject
to the limitations in section 57-15-14.2. The balance of moneys in the fund may not exceed that
which could be produced by a levy of fifteen mills in that district for that year.