§ 131A-33 – Application for loan evaluation.
131A-33. Application for loan evaluation. (a) Application and Plan. – A public agency, an owner of a health care facility, or a partnership including one or more of those entities may apply for a loan under the Program to benefit an eligible hospital. To apply for a loan, an applicant must develop a hospital stabilization […]
§ 131A-20 – Officers not liable.
131A-20. Officers not liable. No member or officer of the Commission shall be subject to any personal liability or accountability by reason of his execution of any bonds or notes or the issuance thereof. (1975, c. 766, s. 1; 2019-240, s. 27.1(a); 2019-240, s. 27.1(a).)
§ 131A-21 – Tax exemption.
131A-21. Tax exemption. The exercise of the powers granted by this Article will be in all respects for the benefit of the people of the State and will promote their health and welfare. If bonds or notes are issued by the Commission to provide or improve a health care facility, then until the bonds or […]
§ 131A-10 – Credit of State not pledged.
131A-10. Credit of State not pledged. Bonds or notes issued under the provisions of this Article shall not be secured by a pledge of the faith and credit of the State or of any political subdivision thereof or be deemed to create an indebtedness of the State, or of any such political subdivision thereof, requiring […]
§ 131A-11 – Bonds and notes.
131A-11. Bonds and notes. The Commission is hereby authorized to provide for the issuance, at one time or from time to time, of bonds, or notes in anticipation of the issuance of bonds, of the Commission to carry out and effectuate its corporate purposes. The principal of and the interest on such bonds or notes […]
§ 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 […]