North Dakota Century Code

Chapter 6-09

The Bank of North Dakota

Section Section Name
6-09-01 Purpose and establishment of Bank of North Dakota
6-09-02 Industrial commission to operate Bank ‑ Business of Bank
6-09-02.1 Declaration and finding of public purpose ‑ Bank of North Dakota advisory board of directors
6-09-02.2 Authority of the advisory board of directors to the Bank of North Dakota
6-09-03 Industrial commission may acquire property by purchase or eminent domain ‑ Investment in banking house and furnishings
6-09-04 Commission to employ president and employees ‑ Compensation, operation, and maintenance expenditures limited to appropriations, revenue, or capital
6-09-05 Removal and discharge of appointees
6-09-06 Capital of Bank
6-09-07 State funds must be deposited in Bank of North Dakota ‑ Income of the Bank
6-09-08 Nonliability of officers and sureties after deposit
6-09-09 Deposits may be received from any source ‑ Deposits to credit in other banks
6-09-10 Guaranty of deposits ‑ Exemption from all taxation
6-09-11 Bank a clearinghouse
6-09-12 Interest rates fixed by commission ‑ Time deposits ‑ Limitations ‑ Charges for services
6-09-13 Collection items must be paid to Bank of North Dakota at par ‑ Violation a misdemeanor
6-09-14 Bank of North Dakota may deposit in any bank
6-09-15 Powers
6-09-15.1 Loans to general fund authorized ‑ Continuing appropriation ‑ Report
6-09-15.2 Bank may invest in certain government sponsored stocks ‑ Limit
6-09-15.3 Bank stock loans ‑ Requirements
6-09-15.4 Participations in loans to small business concerns ‑ Direct loans to nonprofit corporations
6-09-15.5 Bank loans to beginning farmers ‑ Revolving loan fund ‑ Requirements
6-09-15.6 Bank of North Dakota purchase of export trading company stock ‑ Limitation
6-09-15.7 Bank may invest in a public venture capital corporation
6-09-15.8 Bank of North Dakota may make loans for improvement of facilities under the control of the parks and recreation department
6-09-15.9 Limitations on loans by the Bank of North Dakota ‑ Disclosure of interests in certain loans
6-09-16 Funds transferred to state departments ‑ How credited by state treasurer
6-09-17 Office of management and budget to issue warrants against transferred funds
6-09-18 Real estate loans ‑ Application ‑ Appraisal ‑ Action on loans
6-09-19 Conditions of real estate mortgage ‑ Extension of payments
6-09-20 Mortgage and note payable to manager of Bank ‑ Recitals ‑ Recording ‑ Satisfaction and discharge
6-09-21 Sale and assignment of note and mortgage ‑ Extension of payments limited
6-09-22 Assignment of note and mortgage to state treasurer ‑ Payments ‑ Satisfactions
6-09-23 Partial release and satisfaction of mortgages assigned to state treasurer
6-09-24 Partial payments ‑ Sale and assignment of mortgages assigned to state treasurer
6-09-25 State treasurer may lease lands acquired through foreclosure of Bank mortgages ‑ Oil and gas leases
6-09-26 Name in which business conducted and titles taken ‑ Execution of instruments
6-09-26.1 Execution of instruments
6-09-27 Civil actions on Bank transactions ‑ Name of parties ‑ Service ‑ Venue
6-09-28 Surety on appeal, attachment, claim and delivery, and other cases in which undertaking required, not required of Bank of North Dakota
6-09-29 Examinations and audit reports
6-09-30 Repayment of moneys appropriated for Bank to state
6-09-31 Sale of land held by state treasurer as trustee for state
6-09-32 Bank may adopt rules governing sales
6-09-33 Bank of North Dakota to administer assets of rural rehabilitation corporation
6-09-34 Electronic fund transfer systems
6-09-35 Confidentiality of Bank records
6-09-36 Bank of North Dakota ‑ Custodian of securities
6-09-37 Sale and leasing of acquired agricultural real estate
6-09-38 North Dakota higher education savings plan ‑ Administration ‑ Rules ‑ Continuing appropriation
6-09-38.1 North Dakota achieving a better life experience plan - Administration - Rules - Continuing appropriation
6-09-39 Truckdriver training programs ‑ Loans to students
6-09-40 Reimbursement of Bank losses
6-09-41 Livestock loan guarantee program ‑ Establishment ‑ Rules
6-09-42 Health information technology loan fund ‑ Appropriation
6-09-43 Health information technology planning loan fund ‑ Appropriation
6-09-44 Residential mortgages
6-09-45 Required transfer ‑ Special education contract costs
6-09-46 Rebuilders loan program ‑ Loan fund ‑ Continuing appropriation ‑ Requirements
6-09-46.1 Rebuilders home loan program ‑ Rebuilders home loan fund ‑ Continuing appropriation ‑ Requirements
6-09-46.2 Rebuilders loan program ‑ Rebuilders permanent loan fund ‑ Continuing appropriation
6-09-47 Medical facility infrastructure loan fund ‑ Continuing appropriation ‑ Audit and costs of administration
6-09-48 Funds received in relation to federal student loan program ‑ Administration ‑ Continuing appropriation
6-09-49 Infrastructure revolving loan fund ‑ Continuing appropriation
6-09-49.1 Legacy infrastructure loan fund ‑ Continuing appropriation
6-09-49.2 Water infrastructure revolving loan fund ‑ State water commission ‑ Continuing appropriation
6-09-50 North Dakota financial center - Lease rates - Payments in lieu of taxes (Contingent effective date - See note)
6-09-51 Dynamic fiscal impact analysis
6-09-52 Bulk propane storage tank revolving loan fund ‑ Continuing appropriation ‑ Audit and costs of administration
6-09-53 Economic diversification research fund ‑ Report to legislative management