The following funds are created and established, to which the moneys properly belonging shall be apportioned: 1. Construction fund. 2. Bond fund. 3. General fund. [Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
Moneys accruing from the sale of bonds, and from any assessments levied for the direct payment of costs of construction, purchase of property, or other undertakings for which bonds may be issued, shall be deposited and kept in the construction fund. [Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
The cost and expense of purchasing and acquiring property, and of constructing works to carry out the formulated plan or plans, whether for irrigation or drainage or both, or for the improvement or supplementing of existing works, except as otherwise provided in this chapter, shall be paid out of the construction fund. [Part 32:64:1919; A […]
Whenever all construction work is completed, any money remaining in the construction fund may be transferred to the general fund. [Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
Moneys accruing from assessments levied for the payment of interest and principal on bonds shall be deposited and kept in the bond fund. [Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
1. Surplus money in the bond fund may be placed at interest or invested in approved interest-bearing securities. 2. If, after a full redemption of any bond issue, a surplus then remains in the bond fund, such surplus may, by resolution of the board of directors, be transferred to the general fund. [Part 23:64:1919; A […]
The general fund may be divided into the general fund and the operation and maintenance fund as the board may direct. [Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
All moneys except those required to be deposited in the construction fund and the bond fund, including those realized from assessments or, as the case may be, from tolls and charges levied or imposed for defraying the organization and current expense of the district, and expenses and cost of the care, operation, maintenance, management, repair, […]
1. To defray the organization and current expense of the district, and of the care, operation, maintenance, management, repair, and necessary current improvement or replacement of existing works and property, including salaries and wages of officers and employees and other proper incidental expenditures, the board may: (a) Fix rates of tolls or charges, and provide […]
1. Subject to the limitations contained in subsection 2, the board of directors may expend money from the general fund and the operation and maintenance fund for the development, operation and maintenance of recreational grounds. 2. In any irrigation district having a reservoir or reservoirs for the storage of water with a capacity of: (a) […]
The board of directors is empowered to expend not to exceed the sum of $1,500 in any 1 year for the purpose of exploiting the resources of the irrigation district. Such moneys shall be raised by a tax levy and shall be payable out of the general fund. [78:64:1919; added 1929, 286; NCL § 8096]
1. The treasurer of the district is authorized and required to receive and receipt for and to collect the moneys accruing to the construction fund, the bond fund and the general fund, and to place the same to the credit of the district in the appropriate fund. 2. The treasurer shall be responsible upon his […]
The board of directors may make temporary transfers from the general fund to the construction fund and from the construction fund to the general fund, but no such transfers may be made from the bond fund. [Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
1. The board of directors may establish rules and regulations and prescribe the conditions under which the treasurer may make disbursements from the general and operation and maintenance funds, but no payments from any of the other funds of the district shall be made by the treasurer except upon vouchers signed by the president and […]
Interest coupons shall be paid by the district treasurer as provided in this chapter. [Part 23:64:1919; A 1921, 118; 1927, 309; 1929, 286; 1955, 27]
