Home/North Carolina/Statutes/Ch. 159: Local Government Finance/Art. 5: Revenue Bonds/Subch. IV: LONG-TERM FINANCING/§ 159-87
North Carolina Statutes

§ 159-87 — Order approving or denying the application

North Carolina·Ch. 159 Local Government Finance·Art. 5 Revenue Bonds·Subch. IV LONG-TERM FINANCING
(a)After considering an application the Commission shall enter its order either approving or denying the application. An order approving an issue shall not be regarded as an approval of the legality of the bonds in any respect.
(b)If the Commission enters an order denying the application, the proceedings under this Article shall be at an end. (1971, c. 780, s. 1.)

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Nearby Sections

15
§ 159-1
Short title and definitions
§ 159-10
Budget requests
§ 159-100
Authorization
§ 159-101
Short title
§ 159-102
Unit of local government defined
§ 159-103
Authorization of project development financing debt instruments; purposes
§ 159-104
Application to Commission for approval of project development financing debt instrument issue; preliminary conference; acceptance of application
§ 159-105
Approval of application by Commission
§ 159-106
Order approving or denying the application
§ 159-107
Determination of incremental valuation; use of taxes levied on incremental valuation; duration of the district
§ 159-108
Agreements with property owners
§ 159-109
Special covenants
§ 159-11
Preparation and submission of budget and budget message
§ 159-110
Security of project development financing debt instruments
§ 159-111
Additional security for project development financing debt instruments
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