159-87. Order approving or denying the application.
(a) After considering an application the Commission shall enter its order either approving or denying the application. An order approving an issue shall not be regarded as an approval of the legality of the bonds in any respect.
(b) If the Commission enters an order denying the application, the proceedings under this Article shall be at an end. (1971, c. 780, s. 1.)
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.