N.D. Cent. Code § 21-03-45
21-03-45. Sinking fund - Surplus placed in general fund
21-03-45. Sinking fund - Surplus placed in general fund
Any surplus in a sinking fund after all of the bonds for the payment of which the fund was
created have been paid and canceled and after all investments of the second and third class
finally have been disposed of or realized upon, must, within two years, be placed in the general
fund of the municipal treasury.