116-198.31. Purpose of Article.
The purpose of this Article is to authorize the Board of Governors of The University of North Carolina to issue revenue bonds, payable from any leases, rentals, charges, fees, and other revenues but with no pledge of taxes or the faith and credit of the State or any agency or political subdivision thereof, to pay the cost, in whole or part, of buildings, structures, or other facilities for the Centennial Campus, located at North Carolina State University at Raleigh, for the Horace Williams Campus located at the University of North Carolina at Chapel Hill, and for any Millennial Campus as defined by G.S. 116-198.33(4b). (1987, c. 336, s. 1; 1999-234, s. 3; 2000-177, ss. 3, 4.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 116 - Higher Education
Article 21B - The Centennial Campus, the Horace Williams Campus,.
§ 116-198.31 - Purpose of Article.
§ 116-198.32 - Credit and taxing power of State not pledged; statement on face of bonds.
§ 116-198.34 - General powers of Board of Governors.
§ 116-198.35 - Issuance of bonds and bond anticipation notes.
§ 116-198.36 - Proceeds of bonds are deemed trust funds.
§ 116-198.37 - Fixing fees, rents, and charges; sinking fund.
§ 116-198.38 - Refunding bonds.
§ 116-198.39 - Bonds are exempt from taxation.
§ 116-198.40 - Article provides additional and alternative method of financing; not exclusive.