aid stabilization fund. 1. For the purposes of section 24 of article X of the Constitution of North Dakota: a. "Education-related purposes" means purposes related to public elementary and secondary education. b. "State aid to school districts" means: (1) The general fund appropriations to the department of public instruction for state school aid, transportation aid, and special education aid; and (2) The general fund appropriations to the department of career and technical education for grants to school districts and area centers. 2. Any accessible funds in the foundation aid stabilization fund, exceeding the required reserves under section 24 of article X of the Constitution of North Dakota, may be used only for education-related purposes, including state aid to school districts, career and technical education grants to school districts and area centers, and education- related property tax relief.
‹ Prev All North Dakota sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.