63A-1. Short title and intent. This Chapter is the "North Carolina Global TransPark Authority Act." It is enacted in part pursuant to Article V, Section 13, of the North Carolina Constitution with the intent that the body politic and corporate created by this Chapter shall have all power and authority as may be provided to […]
63A-10. Refunding bonds or notes. (a) Issuance. – The Authority may issue refunding bonds or notes for the purpose of refunding any outstanding bonds or notes issued under this Chapter, including any redemption premium on the bonds or notes and any interest accrued or to accrue to the date of redemption. Refunding bonds or notes […]
63A-11. Special user project bonds or notes. (a) The Authority may, subject to the provisions of this section, G.S. 63A-9, and, if applicable, G.S. 63A-10, issue, at one time or from time to time, bonds and notes to finance or refinance special user projects. Bonds and notes to finance or refinance special user projects may […]
63A-12. Public hearing requirements. To the extent federal tax law requires public hearings to be held with respect to the issuance of bonds to finance projects, the hearings may be called for by the executive director and held before one or more members of the Board of the Authority. The hearings may be held at […]
63A-13. Financing agreements. (a) Every financing agreement shall contain provisions ensuring all of the following: (1) That the amounts payable under the financing agreement are sufficient to pay, when due, the principal of, redemption premium, if any, and interest on the bonds issued to pay the costs of the special user project. (2) That the […]
63A-14. Security documents. Bonds issued under the provisions of this Chapter may be secured by a security document which may be a trust instrument between the Authority and a bank or trust company or individual within the State, or a bank or a trust company outside the State, as trustee. The security document may pledge […]
63A-15. County agreements. Any county in which all or part of a cargo airport complex site is located may enter into an agreement with the Authority providing for payments to be made by the county to the Authority. A county may not enter into an agreement to make payments to the Authority until after the […]
63A-16. Remedies. Any owner of bonds or notes issued under the provisions of this Chapter or any coupons appertaining thereto, and the trustee under any trust agreement securing or resolution authorizing the issuance of such bonds or notes, except to the extent the rights given may be restricted by the trust agreement or resolution, may […]
63A-17. Status of bonds and notes under Uniform Commercial Code. All bonds and notes and interest coupons, if any, issued under this Chapter are made investment securities within the meaning of and for all the purposes of Article 8 of the Uniform Commercial Code, as enacted in Chapter 25 of the General Statutes. (1991, c. […]
63A-18. Zoning power of Authority. (a) The Authority has exclusive zoning jurisdiction within a cargo airport complex site. The Authority has zoning jurisdiction within six miles of the boundaries of a cargo airport complex site. (b) No State agency and, in accordance with G.S. 63-31, no political subdivision may adopt, without obtaining the approval of […]
63A-19. Goals for participation by minorities, women, and the disabled. (a) The Authority shall verify its efforts to achieve the goals established in this section for participation by minority business enterprises, women’s business enterprises, and disabled business enterprises in the total value of contracts awarded by the Authority in each of the following categories: (1) […]
63A-2. Definitions. The following definitions apply in this Chapter: (1) Aircraft. – A contrivance that is used or designed for flight. (2) Airport project. – Any of the following that is part of or is used in connection with a cargo airport or a facility at a cargo airport complex site and is not a […]
63A-20. Officers not liable. No member or officer of the Authority shall be subject to any personal liability or accountability by reason of his execution of any bonds or notes or the issuance of any bonds or notes. (1991, c. 749, s. 1.)
63A-21. Conflicts of interest. If any member, officer, or employee of the Authority shall be interested either directly or indirectly, or shall be an officer or employee of or have an ownership interest in any firm or corporation, not including units of local government, interested directly or indirectly, in any contract with the Authority, the […]
63A-22. Cooperation by other State agencies. All State officers and agencies shall render the services to the Authority within their respective functions as may be requested by the Authority. (1991, c. 749, s. 1.)
63A-23. Annual reports. The Authority shall, promptly following the close of each fiscal year, submit an annual written report of its activities for the preceding year to the Governor, the General Assembly, and the Local Government Commission. Each report shall be accompanied by an audit of its books and accounts, as well as quarterly and […]
63A-24. General laws apply to Authority; exceptions. (a) Except as provided in this section, the general laws that apply to State agencies apply to the Authority. The following general laws, to the extent provided below, do not apply to the Authority: (1) Article 3 of Chapter 143 of the General Statutes does not apply to […]
63A-25. Dissolution. Whenever the Board shall by resolution determine that the purposes for which the Authority was formed have been substantially fulfilled and that all bonds issued and all other obligations incurred by the Authority have been fully paid or satisfied, the Board may declare the Authority to be dissolved. On the effective date of […]
63A-3. Creation of Authority and Board. (a) Creation. – The North Carolina Global TransPark Authority is created as a body corporate and politic having the powers and jurisdiction as provided under this Chapter or any other law. The Authority is a State agency created to perform essential governmental and public functions. The Authority shall be […]
63A-4. Powers of the Authority. (a) The Authority shall have all of the powers necessary to execute the provisions of this Chapter, which shall include at least the following powers: (1) The powers of a corporate body, including the power to sue and be sued, to make contracts, to adopt and use a common seal, […]
