2016 North Dakota Century Code Title 37 Military Chapter 37-07.3 National Guard Training Area and Facility Trust Fund
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CHAPTER 37-07.3
NATIONAL GUARD TRAINING AREA AND FACILITY TRUST FUND
37-07.3-01. National guard training area and facility development trust fund.
The national guard training area and facility development trust fund is established as a
special fund in the state treasury. The fund must be used for training area acquisition and facility
development pursuant to this chapter.
37-07.3-02. National guard training area and facility development trust fund Investment and income.
The national guard training area and facility development trust fund consists of moneys
transferred or credited to the fund, pursuant to this chapter and provisions of other laws. The
state investment board shall invest the fund as authorized by section 21-10-07. All interest
earned and income received on the investments accrue to the fund.
37-07.3-03. Trust fund use.
The principal, interest, and income from the national guard training area and facility
development trust fund must be used by the adjutant general solely for training area acquisition
and facility development; provided, that the principal, and any interest and income which the
fund accrues from July 1, 1985, through June 30, 1989, must be used solely for the acquisition
of land for national guard training purposes and the expenditure, in conjunction with federal
matching funds, for the construction of a new national guard armory on or adjacent to the
military reservation known as Fraine Barracks.
37-07.3-04. Payments in lieu of real estate taxes.
For land acquired under this chapter, the adjutant general shall make payments in lieu of
real estate taxes to the counties in which the property is located in the same manner and
according to the same conditions and procedures as provided in chapter 57-02.1 for payments
in lieu of real estate taxes by the director of the game and fish department, except no county
may receive less in payments under this section for any parcel or tract of land for any year than
the county received in real estate taxes for the last year in which the land was taxable.
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