§ 142-81 – Findings and purpose.
142-81. Findings and purpose. The General Assembly finds as follows: (1) There is a continuing need for capital facilities for the State, many of which will continue to be provided on a "pay-as-you-go" basis by direct appropriations. (2) The State will also continue to provide capital facilities through the issuance of general obligation bonds. (3) […]
§ 142-29.6 – Sale of refunding obligations and provisions thereof.
142-29.6. Sale of refunding obligations and provisions thereof. (a) The bonds shall bear such date or dates, shall be serial or term bonds, shall mature in such amounts and at such times, not exceeding 40 years from their date or dates, and shall bear interest at such rate or rates, which may vary from time […]
§ 142-29.7 – Additional refunding obligation provisions.
142-29.7. Additional refunding obligation provisions. In fixing the details of refunding obligations, the State Treasurer may provide that any of the refunding obligations: (1) May be made payable from time to time on demand or tender for purchase by the owner thereof provided a credit facility supports such refunding obligations, unless the State Treasurer specifically […]
§ 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 […]