67-10-02-02. Loan eligibility.

To be eligible for a loan:

1. The project is approved by the superintendent under North Dakota Century Code section 15.1-36-01.

2. The district has submitted a complete application as required by the superintendent.

3. The district must demonstrate a need based on: a. An unanticipated construction project; b. An unanticipated replacement project; or c. An emergency repair.

History: Effective January 1, 2018.

General Authority: NDCC 15.1-36-01, 15.1-36-02, 28-32-02

Law Implemented: NDCC 15.1-36-02