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--- artx:sec24 [2020/07/13 22:06] – Adopted Nov. 8, 1994 jet
+++ artx:sec24 [Unknown date] (current) – removed - external edit (Unknown date) 127.0.0.1
@@ Line 1: / Line 1: @@
-Section 24.
-Twenty percent of the revenue from oil extraction taxes from taxable oil
-produced in this state must be allocated as follows:
-. Fifty percent must be deposited in the common schools trust fund.
-. Fifty percent must be deposited in the foundation aid stabilization
-fund in the state treasury, the interest income of which must be
-transferred to the state general fund on July first of each year. The
-principal of the foundation aid stabilization fund may be expended only
-upon order of the governor, who may direct such a transfer only to
-offset foundation aid reductions that were made by executive action
-pursuant to law due to a revenue shortage.
-[Adopted Nov. 8, 1994 ([[https://www.legis.nd.gov/assembly/sessionlaws/1995/pdf/CAA.pdf#page=3|S.L. 1995, ch. 641]])]