§ 142-15.4 – Savings from refinancing of general obligation bonds to be placed in the Savings Reserve.
142-15.4. Savings from refinancing of general obligation bonds to be placed in the Savings Reserve. (a) Whenever general obligation bonds issued or incurred by the State are refinanced: (1) The General Assembly shall not reduce the funds appropriated for servicing the refinanced debt during the fiscal biennium in which the refinancing occurs. (2) The State […]
§ 142-12 – State bonds exempt from taxation.
142-12. State bonds exempt from taxation. Bonds and other evidences of indebtedness issued by the State are exempt from State taxation to the extent provided in the act authorizing their issuance. If the act authorizing the issuance of the instruments does not address exemption from taxation, then they are exempt from taxation by the State […]
§ 142-12.1 – Effect of federal taxation of interest income on state or local bonds on issuance thereof; continuation of state tax exemptions.
142-12.1. Effect of federal taxation of interest income on state or local bonds on issuance thereof; continuation of state tax exemptions. (a) It is hereby found, determined and declared that: (1) From time to time bills have been introduced in the United States Congress providing that the interest on all or certain state and municipal […]
§ 142-13 – Destruction of canceled bonds, notes and coupons.
142-13. Destruction of canceled bonds, notes and coupons. All canceled bonds, notes and interest coupons of the State may be destroyed in one of the following ways, in the discretion of the Treasurer: (1) Method 1. The Treasurer shall make an entry in a substantially bound book kept by him for the purpose of recording […]
§ 142-14 – Issuance of temporary bonds.
142-14. Issuance of temporary bonds. Whenever the State Treasurer shall be authorized by law to issue bonds or notes of the State, and all acts, conditions and things required by law to happen, exist and be performed, before the delivery thereof for value, shall have happened, shall exist and shall have been performed, except the […]
§ 142-15 – Reimbursement of Treasurer for interest.
142-15. Reimbursement of Treasurer for interest. Whenever it shall become necessary for the State Treasurer to borrow money to provide the maintenance fund for any State institution, the said Treasurer is authorized to deduct from the sum appropriated for maintenance of said institution the amount of interest the Treasurer shall have to pay for the […]
§ 142-15.1 – Lost, stolen, defaced, or destroyed State bonds.
142-15.1. Lost, stolen, defaced, or destroyed State bonds. (a) If lost, stolen, or completely destroyed, any State bond, note, or coupon may be reissued in the same form and tenor upon the owner’s furnishing to the satisfaction of the State Treasurer: (1) Proof of ownership, (2) Proof of loss or destruction, (3) A surety bond […]
§ 142-15.3 – Capital appreciation bonds.
142-15.3. Capital appreciation bonds. (a) Cross-Reference. – The provisions of G.S. 159-99 govern capital appreciation bonds. (b) Authorization. – The State is authorized to issue capital appreciation bonds pursuant to the provisions of The State and Local Government Revenue Bond Act. The State is authorized to issue capital appreciation bonds pursuant to the provisions of […]
§ 142-3 – Record of bonds kept by State Treasurer.
142-3. Record of bonds kept by State Treasurer. The State Treasurer shall enter in a book to be kept for that purpose a memorandum of every bond or certificate of debt of the State, issued or to be issued under any act whatever, together with the numbers, dates of issue, when and where payable, at […]
§ 142-4 – Books for registration and transfer.
142-4. Books for registration and transfer. The State Treasurer shall keep in his office a register or registers for the registration and transfer of all bonds and certificates of the State heretofore or hereafter issued, in which he may register any bond or certificate at the time of its issue or at the request of […]