North Carolina Statutes
§ 116D-21 — Purpose
North Carolina·Ch. 116D Higher Education Bonds·Art. 3 Special Obligation Bonds for Improvements to the Facilities of The University of North Carolina
The purpose of this Article is to authorize the Board of Governors of The University of North Carolina to issue special obligation bonds, payable from obligated resources, but with no pledge of taxes or the faith and credit of the State or any agency or political subdivision of the State, to pay the cost, in whole or in part, of improvements to the facilities of the University. (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