North Carolina Statutes

Chapter 142 State Debt

Article 1 - General Provisions.

Article 2 - Borrowing Money in Emergencies and in Anticipation of Collection of Taxes.

Article 3 - Refunding Bonds.

Article 3A - Refunding Bonds.

  • § 142-29.1   Title of Article
    This Article may be known and cited as the "State Refunding Bond Act." (1935, c. 445, s. 1; 1985 (Reg. Sess., 1986), c. 823, s.
  • § 142-29.2   Definitions
    The words and phrases defined in this section shall have the meanings indicated when used in this Article, unless the context clearly requires another meaning:...
  • § 142-29.3   Purpose
    The purpose of this Article is to provide statutory procedures or to supplement existing procedures for the issuance of refunding obligations. (1935, c. 445, s....
  • § 142-29.4   Powers
    In addition to the powers it may now or hereafter have, the State shall have the following powers, subject to the provisions of this Article...
  • § 142-29.5   Authorization of refunding obligations
    By and with the consent of the Council of State, the State Treasurer is authorized to issue and sell, from time to time, refunding obligations...
  • § 142-29.6   Sale of refunding obligations and provisions thereof
    (a) The bonds shall bear such date or dates, shall be serial or term bonds, shall mature in such amounts and at such times, not...
  • § 142-29.7   Additional refunding obligation provisions
    In fixing the details of refunding obligations, the State Treasurer may provide that any of the refunding obligations: (1) May be made payable from time...

Article 4 - Sinking Fund Commission.

Article 5 - Sinking Funds for Highway Bonds.

Article 5A - Exchange and Cancellation of Bonds Held in Sinking Funds; Investment of Moneys.

Article 7 - General Fund Bond Sinking Fund.

Article 8 - State Energy Conservation Finance Act.

  • § 142-60   Short title
    This Article is the State Energy Conservation Finance Act. (2002‑161, s. 9.)
  • § 142-61   Definitions
    The following definitions apply in this Article: (1) Certificates of participation. Certificates or other instruments delivered by a special corporation as provided in this Article...
  • § 142-62   Reserved for future codification purposes
  • § 142-63   Authorization of financing contract
    Subject to the terms and conditions set forth in this Article, a State governmental unit that has solicited a guaranteed energy conservation measure pursuant to...
  • § 142-64   Procedure for incurrence or issuance of financing contract
    (a) When a State governmental unit has solicited a guaranteed energy conservation measure, the State governmental unit shall request that the State Treasurer approve the...
  • § 142-65   Security; other requirements
    (a) In order to secure the performance by the State of its obligations under a financing contract or any other related documentation, the State may...
  • § 142-66   Payment provisions
    The payment of amounts payable by the State under a financing contract and any other related documentation during any fiscal biennium or fiscal year shall...
  • § 142-67   Certificates of participation
    (a) If the State Treasurer determines that the State would realize debt service savings under one or more financing contracts if certificates of participation are...
  • § 142-68   Tax exemption
    Any financing contract entered pursuant to this Article, and any certificates of participation relating to it, shall at all times be free from taxation by...
  • § 142-69   Other agreements
    The State Treasurer may authorize, execute, obtain, or otherwise provide for bond insurance, investment contracts, credit and liquidity facilities, credit enhancement facilities, interest rate swap...
  • § 142-70   Investment eligibility
    Financing contracts entered into pursuant to this Article, and any certificates of participation relating to them, are securities or obligations in which all of the...

Article 9 - State Capital Facilities Finance Act.

Article 10 - Managing Debt Capacity.