N.D. Cent. Code § 61-02-68.7
61-02-68.7. Pledge of revenues to secure interim financing notes
61-02-68.7. Pledge of revenues to secure interim financing notes
All interim financing notes and the interest thereon must be secured by a pledge of, and be
payable from, any grant or loan to be made by an agency or instrumentality of the United States
government or the state of North Dakota, as specified in section 61-02-68.2, and in connection
with such project or works.