116D-21. Purpose.
The purpose of this Article is to authorize the Board of Governors of The University of North Carolina to issue special obligation bonds, payable from obligated resources, but with no pledge of taxes or the faith and credit of the State or any agency or political subdivision of the State, to pay the cost, in whole or in part, of improvements to the facilities of the University. (2000-3, s. 1.2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 116D - Higher Education Bonds
§ 116D-23 - Credit and taxing power of State not pledged; statement on face of bonds.
§ 116D-24 - General powers of Board of Governors.
§ 116D-25 - Consultation with the Joint Legislative Commission on Governmental Operations.
§ 116D-26 - Issuance of special obligation bonds and bond anticipation notes.
§ 116D-27 - Trust agreement; money received deemed trust funds; insurance; remedies.
§ 116D-28 - Fixing and collecting obligated resources.