§ 160A-647 – Bonds and notes authorized.
160A-647. Bonds and notes authorized. In addition to the powers granted by this Article, the Authority may issue bonds and notes pursuant to the provisions of The State and Local Government Revenue Bond Act, Article 5 of Chapter 159 of the General Statutes, for the purpose of financing public transportation systems or any part thereof […]
§ 160A-648 – Equipment trust certificates.
160A-648. Equipment trust certificates. In addition to the powers here and before granted, the Authority shall have continuing power to purchase equipment, and in connection therewith execute agreements, leases with or without option to purchase, or equipment trust certificates. All money required to be paid by the Authority under the provisions of such agreements, leases […]
§ 160A-649 – Power of eminent domain.
160A-649. Power of eminent domain. (a) The Authority shall have continuing power to acquire, by gift, grant, devise, exchange, purchase, lease with or without option to purchase, or any other lawful method, including, but not limited to, the power of eminent domain, the fee or any lesser interest in real or personal property for use […]
§ 160A-650 – Tax exemption.
160A-650. Tax exemption. The property of the Authority, both real and personal, its acts, activities, and income shall be exempt from any tax or tax obligation; in the event of any lease of Authority property, or other arrangement which amounts to a leasehold interest, to a private party, this exemption shall not apply to the […]
§ 160A-651 – Removal and relocation of utility structures.
160A-651. Removal and relocation of utility structures. (a) The Authority shall have the power to require any public utility, railroad, or other public service corporation owning or operating any installations, structures, equipment, apparatus, appliances, or facilities in, upon, under, over, across or along any ways on which the Authority has the right to own, construct, […]
§ 160A-638 – Purpose of the Authority.
160A-638. Purpose of the Authority. The purpose of the authority is to enhance the quality of life in its territorial jurisdiction by promoting the development of sound transportation systems which provide transportation choices, enhance mobility, accessibility, and safety, encourage economic development and sound growth patterns, and protect the man-made and natural environments of the region. […]
§ 160A-639 – General powers of the Authority.
160A-639. General powers of the Authority. The general powers of the Authority shall include any or all of the following: (1) To sue and be sued. (2) To have a seal. (3) To make rules and regulations, not inconsistent with this Chapter, for its organization and internal management. (4) To employ a chief administrative officer […]
§ 160A-639.1 – Duties of the chief administrative officer; appointment of clerk.
160A-639.1. Duties of the chief administrative officer; appointment of clerk. (a) Duties. – The chief administrative officer employed by the Authority in accordance with G.S. 160A-639 shall be responsible to the Board of Trustees for administering all matters placed in his or her charge by the Board of Trustees and shall have all of the […]
§ 160A-640 – Authority of Utilities Commission not affected.
160A-640. Authority of Utilities Commission not affected. (a) Except as otherwise provided in this Article, nothing in this Article shall be construed to limit or otherwise affect the power or authority of the North Carolina Utilities Commission or the right of appeal to the North Carolina Utilities Commission as provided by law. (b) The North […]
§ 160A-641 – Fiscal accountability.
160A-641. Fiscal accountability. An Authority is a public authority subject to the provisions of Chapter 159 of the General Statutes. (1997-393, s. 1.)