North Carolina § 159-136 Issuing unit to make and report debt service payments

North Carolina Statutes

§ 159-136 — Issuing unit to make and report debt service payments

North Carolina § 159-136

Ch. 159Local Government Finance

Art. 7Issuance and Sale of Bonds

Subch. IVLONG-TERM FINANCING

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Bluebook

N.C. Gen. Stat. § 159-136 (2026).

Text

The finance officer of each unit having outstanding bonds or notes shall remit the funds necessary for the payment of maturing installments of principal and interest on the bonds or notes to the fiscal agent or agreed upon place of payment in sufficient time for the payment thereof, together with the agreed upon fiscal agency fees, and shall at the same time report the payment to the secretary on forms to be provided by the Commission. (1931, c. 60, s. 27; 1971, c. 780, s. 1.)

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The finance officer of each unit having outstanding bonds or notes shall remit the funds necessary for the payment of maturing installments of principal and interest on the bonds or notes to the fiscal agent or agreed upon place of payment in sufficient time for the payment thereof, together with the agreed upon fiscal agency fees, and shall at the same time report the payment to the secretary on forms to be provided by the Commission. (1931, c. 60, s. 27; 1971, c. 780, s. 1.)