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38-21 Exploration Fund

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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<br>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<br>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<br>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,<br>38-12.1-08, or 38-19-07.5.Money recovered from any person to recoup costs and expenses incurred by the<br>industrial commission to satisfy any duty imposed by chapter 38-08.1, 38-12,<br>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<br>regulated under chapters 38-08.1, 38-12, 38-12.1, and 38-19. To cure such obligations, the<br>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<br>special fund and all money transferred into the fund is appropriated and must be used and<br>disbursed solely for the purposes described in section 38-21-02. If, however, the fund reaches<br>five hundred thousand dollars, any additional money collected under section 38-21-01 must be<br>deposited in the general fund, provided there are no outstanding obligations to be paid by the<br>fund.Page No. 1Document Outlinechapter 38-21 exploration fund