159-82. Purpose.
The purpose of this Article is to establish a standard, uniform procedure for the financing by a municipality of revenue bond projects through the issuance of revenue bonds. Its provisions are intended to vest authority in and enable municipalities to secure and pay revenue bonds and the interest thereon solely out of revenues without pledging the faith and credit of the municipality. (1971, c. 780, s. 1; 1973, c. 494, s. 16.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159 - Local Government Finance
§ 159-80 - Short title; repeal of local acts.
§ 159-84 - Authorization of revenue bonds.
§ 159-86 - Approval of application by Commission.
§ 159-87 - Order approving or denying the application.
§ 159-88 - Adoption of revenue bond order.
§ 159-90 - Limitations on details of bonds; additional provisions.
§ 159-91 - Lien of revenue bonds.
§ 159-92 - Status of revenue bonds under Uniform Commercial Code.
§ 159-93 - Agreement of the State.
§ 159-95 - Approval of State agencies.
§ 159-96 - Limitation on extraterritorial operation of enterprises financed by revenue bonds.