§ 131A-14 – Trust funds.
131A-14. Trust funds. Notwithstanding any other provisions of law to the contrary, all moneys received pursuant to the authority of this Article, including, without limitation, fees, loan repayments, purchase price payments, rents, charges, insurance proceeds, condemnation awards and any other revenues and funds received in connection with any health care facilities, shall be deemed to […]
§ 131A-15 – Remedies.
131A-15. Remedies. Any holder of bonds or notes issued under the provisions of this Article or any coupons appertaining thereto, and the trustee under any trust agreement or resolution authorizing the issuance of such bonds or notes, except to the extent the rights herein given may be restricted by such trust agreement or resolution, may, […]
§ 131A-16 – Negotiable instruments.
131A-16. Negotiable instruments. All bonds and interest coupons appertaining thereto issued under this Article are hereby made investment securities within the meaning of and for all the purposes of Article 8 of the Uniform Commercial Code as enacted in this State, whether or not they are of such form and character as to be investment […]
§ 131A-17 – Bonds or notes eligible for investment.
131A-17. Bonds or notes eligible for investment. Bonds or notes issued under the provisions of this Article are hereby made securities in which all public officers and public bodies of the State and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally […]
§ 131A-18 – Refunding bonds or notes.
131A-18. Refunding bonds or notes. The Commission is hereby authorized to provide for the issuance of refunding bonds or notes for the purpose of refunding any bonds or notes then outstanding which shall have been issued under the provisions of this Article, including the payment of any redemption premium thereon and any interest accrued or […]
§ 131A-19 – Annual report.
131A-19. Annual report. The Commission shall, promptly following the close of each fiscal year, submit an annual report of its activities under this Article for the preceding year to the Governor, the State Auditor, the Secretary of Health and Human Services, the General Assembly, and the Local Government Commission. The Commission shall cause an audit […]
§ 131A-1 – Short title.
131A-1. Short title. This Article shall be known, and may be cited, as the "Health Care Facilities Finance Act." (1975, c. 766, s. 1; 2019-240, s. 27.1(a), (b).)
§ 131A-2 – Legislative findings.
131A-2. Legislative findings. It is hereby declared to be the policy of the State of North Carolina to promote the public health and welfare by providing means for financing, refinancing, acquiring, constructing, equipping and providing of health care facilities to serve the people of the State and to make accessible to them modern and efficient […]
§ 131A-3 – Definitions.
131A-3. Definitions. As used or referred to in this Article, the following words and terms shall have the following meanings, unless the context clearly indicates otherwise: (1) "Bonds" or "notes" means the revenue bonds or bond anticipation notes, respectively, authorized to be issued by the Commission under this Article; (2) "Commission" means the North Carolina […]
§ 131A-4 – Additional powers.
131A-4. Additional powers. The Commission shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this Article, including, but without limiting the generality of the foregoing, the power: (1) To make and execute contracts and agreements necessary or incidental to the exercise of its powers and […]