§ 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-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 […]
§ 131A-5 – Criteria and requirements.
131A-5. Criteria and requirements. In undertaking any health care facilities pursuant to this Article, the Commission shall be guided by and shall observe the following criteria and requirements; provided that the determination of the Commission as to its compliance with such criteria and requirements shall be final and conclusive: (1) There is a need for […]
§ 131A-6 – Additional powers of public agencies.
131A-6. Additional powers of public agencies. For the purposes of this Article, public agencies are authorized and empowered to enter into contracts and agreements, including loan agreements and agreements of sale or lease, with the Commission to facilitate the financing or refinancing, acquiring, constructing, equipping, providing, operating and maintaining of health care facilities and pursuant […]
§ 131A-7 – Procedural requirements.
131A-7. Procedural requirements. In addition to health care facilities initiated by the Commission, any public or nonprofit agency may submit to the Commission, and the Commission may consider, a proposal for financing health care facilities using such forms and following such instructions as may be prescribed by the Commission. Such proposal shall set forth the […]
§ 131A-8 – Operation of health care facilities; loan agreements; agreements of sale or lease; conveyance of interest in health care facilities.
131A-8. Operation of health care facilities; loan agreements; agreements of sale or lease; conveyance of interest in health care facilities. All health care facilities shall be operated to serve and benefit the public and there shall be no discrimination against any person based on race, creed, color or national origin. The Commission may sell or […]
§ 131A-9 – Construction contracts.
131A-9. Construction contracts. Contracts for the construction of any health care facilities on behalf of a public agency shall be awarded by the Commission in accordance with Article 8 of Chapter 143 of the General Statutes. If the Commission shall determine that the purposes of this Article will be more effectively served, the Commission in […]