North Carolina § 116-74 Duration of fund; use of repaid loans and interest

North Carolina Statutes

§ 116-74 — Duration of fund; use of repaid loans and interest

North Carolina·Ch. 116 Higher Education·Art. 5 Loan Fund for Prospective College Teachers

The Scholarship Loan Fund for Prospective College Teachers shall continue in effect until terminated by action of the General Assembly of North Carolina. Such amounts of loans as shall be repaid from time to time under the provisions of this Article, together with such amounts of interest as may be received on account of loans made shall become a part of the principal amount of said loan fund. These funds shall be administered for the same purposes and under the same provisions as are set forth herein to the end that they may be utilized in addition to such further amounts as may be privately donated or appropriated from time to time by public or corporate bodies. (1965, c. 1148, s. 1.)
§§ 116-74.1 through 116-74.5. Reserved for future codification purposes.
§ 116-74.6: Recodified as G.S. 

Free access — add to your briefcase to read the full text and ask questions with AI

The Scholarship Loan Fund for Prospective College Teachers shall continue in effect until terminated by action of the General Assembly of North Carolina. Such amounts of loans as shall be repaid from time to time under the provisions of this Article, together with such amounts of interest as may be received on account of loans made shall become a part of the principal amount of said loan fund. These funds shall be administered for the same purposes and under the same provisions as are set forth herein to the end that they may be utilized in addition to such further amounts as may be privately donated or appropriated from time to time by public or corporate bodies. (1965, c. 1148, s. 1.)
§§ 116-74.1 through 116-74.5. Reserved for future codification purposes.
§ 116-74.6: Recodified as G.S. 115C-296.5 by Session Laws 2009-451, s. 9.13(b), effective July 1, 2009.
§ 116-74.7: Recodified as G.S. 115C-296.6 by Session Laws 2009-451, s. 9.13(d), effective July 1, 2009.
§§ 116-74.8 through 116-74.20. Reserved for future codification purposes.

North Carolina § 116-74 (Duration of fund; use of repaid loans and interest) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.