North Dakota Code 15-10-40 – Long-term lease and leaseback transaction revenue
Current as of: 2023 | Check for updates
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The board shall use revenue earned from long-term lease and leaseback transactions under chapter 54-01 for the repair and upkeep of campus buildings commonly referred to as deferred maintenance projects.
Terms Used In North Dakota Code 15-10-40
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC