§ 159D-44 – Credit of State not pledged.
159D-44. 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 of the State, or create an indebtedness of the State, or of any political subdivision of the State requiring […]
§ 159D-45 – Bonds and notes.
159D-45. Bonds and notes. (a) The agency is 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 agency to carry out and effectuate its corporate purposes. The principal of and the interest on such bonds or notes […]
§ 159D-46 – Trust agreement or resolution.
159D-46. Trust agreement or resolution. In the discretion of the agency any bonds or notes issued under the provisions of this Article may be secured by a trust agreement by and between the agency and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or […]
§ 159D-47 – Revenues; pledges of revenues.
159D-47. Revenues; pledges of revenues. (a) The agency is authorized to fix and to collect fees, loan repayments, purchase price payments, rents and charges for the use of any project, and any part or section of the project and to contract with any participating institution for its use. The agency may require that the participating […]
§ 159D-48 – Trust funds.
159D-48. Trust funds. Notwithstanding any other provisions of law to the contrary, all moneys received pursuant to the authority of this Article, including fees, loan repayments, purchase price payments, rents, charges, insurance proceeds, condemnation awards and any other revenues and funds received in connection with any project, are trust funds to be held and applied […]
§ 159D-49 – Remedies.
159D-49. 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, […]
§ 159D-50 – Investment securities.
159D-50. Investment securities. All bonds, notes and interest coupons issued under this Article are 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 securities under that […]
§ 159D-51 – Bonds or notes eligible for investment.
159D-51. Bonds or notes eligible for investment. Bonds or notes issued under the provisions of this Article are securities in which all public officers and public bodies of the State and its political subdivisions, and all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest […]
§ 159D-52 – Refunding bonds or notes.
159D-52. Refunding bonds or notes. (a) The agency is authorized to provide for the issuance of refunding bonds or notes for the purpose of refunding any bonds or notes then outstanding which have been issued under the provisions of this Article, including the payment of any redemption premium and any interest accrued or to accrue […]
§ 159D-37 – Definitions.
159D-37. Definitions. As used or referred to in this Article, the following words and terms have the following meanings, unless the context clearly indicates otherwise: (1) "Agency" means the North Carolina Capital Facilities Finance Agency or, should this agency be abolished or otherwise divested of its functions under this Article, the public body succeeding it […]