North Dakota Code § 15.1-09-43

Purchase of schoolbus - Payment period
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The board of a school district may purchase a bus body, a chassis, or a complete bus, 
provided the body, chassis, or complete bus meets standards provided by section 39 -21-27.1. A 
board may use money in its general fund to purchase a bus body, a chassis, or a complete bus 
on an installment plan, provided the plan does not extend beyond six years.

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