The northern crops institute may contract for and accept private contributions and gifts and grants-in-aid from the federal government, private industry, and other sources. Those funds may be spent only for the purposes of this chapter and for any purposes designated in the gift, grant, or donation and those funds are appropriated on a continuing basis to the northern crops institute for those purposes.

Terms Used In North Dakota Code 4.1-15-04

  • Contract: A legal written agreement that becomes binding when signed.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.