North Carolina Statutes

§ 159D-7 — Approval of project by Secretary of Commerce

North Carolina·Ch. 159D The North Carolina Capital Facilities Financing Act·Art. 1 Industrial And Pollution Control Facilities Financing
(a)Approval Required. - No bonds may be issued by the agency pursuant to this Article unless the project for which their issuance is proposed is first approved by the Secretary of Commerce. The agency shall file an application for approval of its proposed project with the Secretary of Commerce, and shall notify the Local Government Commission of such filing.
(b)Findings. - The Secretary shall not approve any proposed project unless the Secretary makes all of the following, applicable findings:
(1)In the case of a proposed industrial project, that the proposed project will not have a materially adverse effect on the environment.
(2)In the case of a proposed pollution control project, that such project will have a materially favorable impact on the environment or will prevent or diminish

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