North Carolina Statutes
§ 116D-10 — Faith and credit
North Carolina·Ch. 116D Higher Education Bonds·Art. 2 General Obligation Bonds for Financing Capital Facilities for The University of North Carolina
The faith and credit and taxing power of the State are hereby pledged for the payment of the principal of and the interest on bonds and notes. The State retains the right to amend any provision of this Article to the extent it does not impair any contractual right of a bond owner. (2000-3, s. 1.2.)
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Nearby Sections
15
§ 116D-1
Definitions§ 116D-10
Faith and credit§ 116D-11
Issuance of bonds and notes§ 116D-12
Variable rate demand bonds and notes§ 116D-13
Other agreements§ 116D-2
General provisions§ 116D-21
Purpose§ 116D-22
Definitions§ 116D-24
General powers of Board of Governors§ 116D-29
Vesting powers in committee