§ 131A-25 – Inconsistent laws inapplicable.
131A-25. Inconsistent laws inapplicable. Insofar as the provisions of this Article are inconsistent with the provisions of any general or special laws, or parts thereof, the provisions of this Article shall be controlling. (1975, c. 766, s. 1; 2019-240, s. 27.1(a), (b).)
§ 131A-30 – Definitions.
131A-30. Definitions. The following definitions apply in this Article: (1) Commission. – The Local Government Commission established pursuant to G.S. 159-3. (2) Eligible hospital. – A health care facility located in a development tier one or development tier two area, as defined in G.S. 143B-437.08, that is unable to sustain operations for more than three […]
§ 131A-31 – The Rural Health Care Stabilization Program.
131A-31. The Rural Health Care Stabilization Program. (a) Program Established; Purpose. – There is established the Rural Health Care Stabilization Program to provide loans for the support of eligible hospitals located in rural areas of the State that are in financial crisis due to operation of oversized and outdated facilities and recent changes to the […]
§ 131A-12 – Trust agreement or resolution.
131A-12. Trust agreement or resolution. In the discretion of the Commission any bonds or notes issued under the provisions of this Article may be secured by a trust agreement by and between the Commission and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or […]
§ 131A-13 – Revenues; pledges of revenues.
131A-13. Revenues; pledges of revenues. (a) The Commission is hereby authorized to fix and to collect fees, loan repayments, purchase price payments, rents and charges for the use of any health care facilities, and any part or section thereof, and to contract with any public or nonprofit agency for the use thereof. The Commission may […]
§ 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 […]