116-194. Vesting powers in executive committee.
The Board may authorize its executive committee to sell any bonds which the Board has, with the approval of the Director of the Budget, authorized to be issued under this Article in such manner and under such limitations or conditions as the Board shall prescribe and to perform such other functions under this Article as the Board shall determine. (1963, c. 847, s. 8; 1983, c. 577, s. 8.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 116 - Higher Education
§ 116-187 - Purpose of Article.
§ 116-188 - Credit and taxing power of State not pledged; statement on face of bonds.
§ 116-190 - General powers of Board of Governors.
§ 116-191 - Issuance of bonds and bond anticipation notes.
§ 116-192 - Trust agreement; money received deemed trust funds; insurance; remedies.
§ 116-193 - Fixing fees, rents and charges; sinking fund.
§ 116-194 - Vesting powers in executive committee.
§ 116-196 - Exemption from taxation; bonds eligible for investment or deposit.
§ 116-197 - Article provides additional and alternative method.