§ 63A-25 – Dissolution.
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-21 – Conflicts of interest.
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.
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.
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.
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-11 – Special user project 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.
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.
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.
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.
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 […]