North Carolina Statutes

§ 142-67 — Certificates of participation

North Carolina § 142-67
JurisdictionNorth Carolina
Ch. 142State Debt
Art. 8State Energy Conservation Finance Act

This text of North Carolina § 142-67 (Certificates of participation) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.C. Gen. Stat. § 142-67 (2026).

Text

(a)If the State Treasurer determines that the State would realize debt service savings under one or more financing contracts if certificates of participation are issued with respect to the rights to receive payments under the financing contract, then the State Treasurer is authorized to take actions, with the consent of the Council of State, that will effectuate the delivery of certificates of participation for that purpose.
(b)Terms; Interest. - Certificates of participation may be sold by the State Treasurer in the manner, either at public or private sale, and for any price or prices that the State Treasurer determines to be in the best interest of the State and to effect the purposes of this Article, except that the terms of the sale must also be approved by the special corporation. I

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Bluebook (online)
North Carolina § 142-67, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/142/142-67.