38-21 Exploration Fund - North Dakota Statutes

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CHAPTER 38-21EXPLORATION FUND38-21-01.Geophysical, geothermal, subsurface minerals, and coal explorationfund. There is created a geophysical, geothermal, subsurface minerals, and coal exploration
fund. The following must be deposited into the fund:1.Fees collected under sections 38-08.1-04, 38-12-03, 38-12.1-05, and 38-19-04.2.Money received from the forfeiture of bonds or other security required by section
38-08.1-03.1, 38-12-02, 38-12.1-04, or 38-19-03.3.Money received by the industrial commission from any federal or state agency, or
any other source, to satisfy the purposes for which the fund is established.4.Money received for penalties imposed under section 38-08.1-07, 38-12-05,
38-12.1-08, or 38-19-07.5.Money recovered from any person to recoup costs and expenses incurred by the
industrial commission to satisfy any duty imposed by chapter 38-08.1, 38-12,
38-12.1, or 38-19.38-21-02. Fund uses. Money in the fund may be used to pay costs and expensesincurred by the industrial commission to satisfy unfulfilled obligations imposed on persons
regulated under chapters 38-08.1, 38-12, 38-12.1, and 38-19. To cure such obligations, the
commission may enter contracts consistent with the requirements of section 38-08-04.4.38-21-03. Continuing appropriation - Cap. All money collected under section 38-21-01must be deposited in the fund established by that section. The fund must be maintained as a
special fund and all money transferred into the fund is appropriated and must be used and
disbursed solely for the purposes described in section 38-21-02. If, however, the fund reaches
five hundred thousand dollars, any additional money collected under section 38-21-01 must be
deposited in the general fund, provided there are no outstanding obligations to be paid by the
fund.Page No. 1Document Outlinechapter 38-21 exploration fund