North Carolina Statutes

Chapter 116D Higher Education Bonds

Article 1 - General Provisions.

  • § 116D-1   Definitions
    The following definitions apply in this Chapter: (1) Board of Governors. The Board of Governors of the University. (2) Capital facility. Any one or more...
  • § 116D-2   General provisions
    (a) Signatures. Should any officer whose signature or facsimile signature appears on securities issued under this Chapter cease to be that officer before the delivery...
  • § 116D-3   Reports
    (a) Board of Governors. The Board of Governors shall report to the Joint Legislative Commission on Governmental Operations by September 15 of each year, and...
  • § 116D-4   Minority and historically underutilized business participation
    (a) Minority Business Participation. The goals set by G.S. 143‑128 for participation in projects by minority businesses apply to projects funded by the proceeds of...
  • § 116D-5   Higher Education Bond Oversight Committee
    (a) Creation and Membership. The Higher Education Bond Oversight Committee is established. The Committee shall be located administratively in the General Assembly. The Committee shall...

Article 2 - General Obligation Bonds for Financing Capital Facilities for The University of North Carolina.

  • § 116D-6   Short title
    This Article may be cited as the University Improvement General Obligation Bonds Finance Act. (2000‑3, s. 1.2.)
  • § 116D-7   Definitions
    The following definitions apply in this Article: (1) Bonds. Bonds authorized to be issued under this Article, including refunding bonds. (2) Notes. Notes issued under...
  • § 116D-8   Authorization of bonds and notes
    Subject to a favorable vote of a majority of the qualified voters of the State who vote on the question of issuing university improvement general...
  • § 116D-9   Designation of capital facilities and preconditions to bond issuance
    The capital facilities to be financed in whole or in part with the proceeds of university improvement general obligation bonds shall be set forth in...
  • § 116D-10   Faith and credit
    The faith and credit and taxing power of the State are hereby pledged for the payment of the principal of and the interest on bonds...
  • § 116D-11   Issuance of bonds and notes
    (a) Terms and Conditions. Bonds or notes may bear any dates, may be serial or term bonds or notes, or any combination of these, may...
  • § 116D-12   Variable rate demand bonds and notes
    (a) In fixing the details of bonds and notes, the State Treasurer may provide that the bonds and notes may: (1) Be made payable from...
  • § 116D-13   Other agreements
    The State Treasurer may authorize, execute, obtain, or otherwise provide for bond insurance, investment contracts, credit and liquidity facilities, interest rate swap agreements and other...
  • § 116D-14 through 116D-20   Reserved for future codification purposes

Article 3 - Special Obligation Bonds for Improvements to the Facilities of The University of North Carolina.

Article 4 - Community Colleges Facilities General Obligation Finance Act.

  • § 116D-41   Short title
    This Article may be cited as the Community College Facilities General Obligation Finance Act. (2000‑3, s. 1.2.)
  • § 116D-42   Definitions
    The following definitions apply in this Article: (1) Bonds. Bonds authorized to be issued under this Article, including refunding bonds. (2) Community college. Defined in...
  • § 116D-43   Authorization of bonds and notes
    Subject to a favorable vote of a majority of the qualified voters of the State who vote on the question of issuing community college general...
  • § 116D-44   Designation of capital facilities and preconditions to bond issuance
    The capital facilities to be financed in whole or in part with the proceeds of community college general obligation bonds shall be described in legislation...
  • § 116D-45   Faith and credit
    The faith and credit and taxing power of the State are hereby pledged for the payment of the principal of and the interest on bonds...
  • § 116D-46   Issuance of bonds and notes
    (a) Terms and Conditions. Bonds or notes may bear any dates, may be serial or term bonds or notes, or any combination of these, may...
  • § 116D-47   Variable rate demand bonds and notes
    (a) In fixing the details of bonds and notes, the State Treasurer may provide that the bonds and notes may: (1) Be made payable from...
  • § 116D-48   Other agreements
    The State Treasurer may authorize, execute, obtain, or otherwise provide for bond insurance, investment contracts, credit and liquidity facilities, interest rate swap agreements and other...
  • § 116D-49   Procurement of capital facilities
    Any laws, rules, or regulations of the State that relate to the acquisition and construction of capital facilities shall apply to the capital facilities financed...