North Dakota § 40-34-06 - Sinking fund for payment of interest and principal
Full text of North Dakota North Dakota Century Code § 40-34-06 — Sinking fund for payment of interest and principal, with citation guidance and answers to common questions.
§ 40-34-06. Sinking fund for payment of interest and principal
If a service rate is charged to the users of an improvement made under this chapter, a sufficient portion of the moneys collected for such service shall be set aside as a sinking fund for the payment of the interest on the bonds and the principal thereof at maturity, and shall constitute a special fund which shall be used for no other purpose.
Source: official North Dakota text · Last verified 2026-08-27
Frequently Asked Questions About North Dakota § 40-34-06
What does North Dakota Century Code § 40-34-06 cover?
Section 40-34-06 ("Sinking fund for payment of interest and principal") is part of the North Dakota Century Code, the codified statutory law of North Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Dakota § 40-34-06?
A common citation format is "North Dakota Century Code § 40-34-06" (North Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Dakota official source linked on this page or consult a licensed North Dakota attorney.
How does North Dakota § 40-34-06 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Dakota.