North Dakota Administrative Code
Title 67 - Public Instruction, Superintendent of
Article 67-10 - School Construction Loan Application and Loan Approval
Chapter 67-10-02 - School Construction Loan Application and Loan Approval - Coal Development Trust Fund
Section 67-10-02-05 - Loan approval - Demonstration of need
Universal Citation: ND Admin Code ยง 67-10-02-05
Current through Supplement No. 394, October, 2024
To be approved for a loan under this chapter, the district shall submit all information requested by the superintendent and submit the application provided by the superintendent.
To be approved for a loan under this section, the district must clearly demonstrate and provide narrative, documents, and other written evidence that the loan application is necessary to fund:
1. An unanticipated construction project;
2. An unanticipated replacement project; or
3. An emergency repair.
General Authority: NDCC 15.1-36-02, 28-32-02
Law Implemented: NDCC 15.1-36-02
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