North Dakota Authorization to increase bonded indebtedness
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How to fill out Authorization To Increase Bonded Indebtedness?
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In the fiscal year of 2019, the state of North Dakota had state debt totaling 3.04 billion U.S. dollars. However, the local government debt was slightly higher at 5.38 billion U.S. dollars.
By entering into a bond the obligors submit to the jurisdiction of any appropriate court and irrevocably appoint the clerk of the court as their agent upon whom any papers affecting their liability may be served. Their liability may be enforced on motion without the necessity of an independent action.
Interest received from obligations of the United States or of its possessions and from this state or its political subdivisions is not subject to income tax imposed by this state.
Overview of the North Dakota Economy The top three sectors by total employment are Mining, Agriculture, Forestry, Fishing and Hunting, Healthcare and Social Assistance, while the unemployment rate across the state in 2023 was 2.3%.
Getting a North Dakota contractor license bond is a simple process. Submit details about the bond amount and type to the surety company, and they will provide a quote for your bond premium. Once the premium is paid, the bond is in place until it's time for renewal, typically one or two years after it is issued.
North Dakota ranks 46th in economy size among states and Washington, DC. In 1st quarter of 2023, North Dakota accounted for 0.3% of the US economy.
North Dakota has $23.4 billion of assets available to pay the state's bills totaling $10.5 billion. North Dakota has $12.8 billion available after bills have been paid, which breaks down to $47,400 per taxpayer.
In 2022, the GDP of North Dakota amounted to around 53.13 billion U.S. dollars. The mining, quarrying, and oil and gas extraction industry added the most real value to the gross domestic product of the state, totaling around 9.05 billion U.S. dollars.