North Carolina § 116D-9 Designation of capital facilities and preconditions to bond issuance

North Carolina Statutes

§ 116D-9 — Designation of capital facilities and preconditions to bond issuance

North Carolina § 116D-9

Ch. 116DHigher Education Bonds

Art. 2General Obligation Bonds for Financing Capital Facilities for The University of North Carolina

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Bluebook

N.C. Gen. Stat. § 116D-9 (2026).

Text

The capital facilities to be financed in whole or in part with the proceeds of university improvement general obligation bonds shall be set forth in legislation enacted from time to time by the General Assembly. This legislation shall also provide for voter approval of the bonds to finance the capital facilities and shall become effective only upon approval by the voters. The proceeds of university improvement general obligation bonds shall not be expended to pay the costs of any capital facilities other than those set forth in that legislation. (2000-3, s. 1.2.)

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The capital facilities to be financed in whole or in part with the proceeds of university improvement general obligation bonds shall be set forth in legislation enacted from time to time by the General Assembly. This legislation shall also provide for voter approval of the bonds to finance the capital facilities and shall become effective only upon approval by the voters. The proceeds of university improvement general obligation bonds shall not be expended to pay the costs of any capital facilities other than those set forth in that legislation. (2000-3, s. 1.2.)