§ 142-69 – Other agreements.
142-69. Other agreements. The State Treasurer may authorize, execute, obtain, or otherwise provide for bond insurance, investment contracts, credit and liquidity facilities, credit enhancement facilities, interest rate swap agreements and other derivative products, and any other related instruments and matters the State Treasurer determines are desirable in connection with entering into financing contracts and issuing […]
§ 142-70 – Investment eligibility.
142-70. Investment eligibility. Financing contracts entered into pursuant to this Article, and any certificates of participation relating to them, are securities or obligations in which all of the following may invest, including capital in their control or belonging to them: public officers, agencies, and public bodies of the State and its political subdivisions; insurance companies, […]
§ 142-60 – Short title.
142-60. Short title. This Article is the State Energy Conservation Finance Act. (2002-161, s. 9.)
§ 142-61 – Definitions.
142-61. Definitions. The following definitions apply in this Article: (1) Certificates of participation. – Certificates or other instruments delivered by a special corporation as provided in this Article evidencing the assignment of proportionate and undivided interests in the rights to receive payments to be made by the State pursuant to one or more financing contracts. […]
§ 142-63 – Authorization of financing contract.
142-63. Authorization of financing contract. Subject to the terms and conditions set forth in this Article, (i) a State governmental unit that is implementing an energy conservation measure pursuant to G.S. 143-64.17L and financing it pursuant to this Article, (ii) a State governmental unit that has solicited a guaranteed energy conservation measure pursuant to G.S. […]
§ 142-64 – Procedure for incurrence or issuance of financing contract.
142-64. Procedure for incurrence or issuance of financing contract. (a) When a State governmental unit (i) is implementing an energy conservation measure pursuant to G.S. 143-64.17L and financing it pursuant to this Article or (ii) has solicited a guaranteed energy conservation measure, the State governmental unit shall request that the State Treasurer approve the State […]
§ 142-65 – Security; other requirements.
142-65. Security; other requirements. (a) In order to secure the performance by the State of its obligations under a financing contract or any other related documentation, the State may grant a lien on, or security interest in, all or any part of the energy conservation property or the land upon which the energy conservation property […]
§ 142-66 – Payment provisions.
142-66. Payment provisions. The payment of amounts payable by the State under a financing contract and any other related documentation during any fiscal biennium or fiscal year shall be limited to funds appropriated for that purpose by the General Assembly in its discretion. No provision of this Article and no financing contract or any other […]
§ 142-67 – Certificates of participation.
142-67. Certificates of participation. (a) If the State Treasurer determines that the State would realize debt service savings under one or more financing contracts if certificates of participation are issued with respect to the rights to receive payments under the financing contract, then the State Treasurer is authorized to take actions, with the consent of […]
§ 142-68 – Tax exemption.
142-68. Tax exemption. Any financing contract entered pursuant to this Article, and any certificates of participation relating to it, shall at all times be free from taxation by the State or any political subdivision or any of their agencies, excepting income taxes on the gain from the transfer of the financing contract or certificates of […]