North Carolina Statutes
§ 142-81 — Findings and purpose
The General Assembly finds as follows:
(1)There is a continuing need for capital facilities for the State, many of which will continue to be provided on a "pay-as-you-go" basis by direct appropriations.
(2)The State will also continue to provide capital facilities through the issuance of general obligation bonds.
(3)There is a need, however, for the use of alternative financing methods, such as authorized in this Article, to facilitate the providing of capital facilities when circumstances and conditions warrant the providing of capital facilities through financing methods in addition to direct appropriations and the issuance of general obligation bonds.
(4)The use of these alternative financing methods as authorized in this Article will provide financing flexibility to the State and p
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Nearby Sections
15
§ 142-1
How bonds executed; interest coupons attached; where payable; not to be sold at less than par§ 142-100
Purpose§ 142-11
When bonds deemed duly executed§ 142-12
State bonds exempt from taxation§ 142-14
Issuance of temporary bonds§ 142-15.15
Findings§ 142-15.16
Definitions§ 142-15.3
Capital appreciation bonds