87-9.1. Ownership of real property; equipment; liability insurance.
(a) The Board shall have the power to acquire, hold, rent, encumber, alienate, and otherwise deal with real property in the same manner as a private person or corporation, subject only to approval of the Governor and the Council of State as to the acquisition, rental, encumbering, leasing, and sale of real property. Collateral pledged by the Board for an encumbrance is limited to the assets, income, and revenues of the Board.
(b) The Board may purchase or rent equipment and supplies and purchase liability insurance or other insurance to cover the activities of the Board, its operations, or its employees. (1999-349, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 1 - General Contractors.
§ 87-1 - "General contractor" defined; exceptions.
§ 87-1.1 - Exception for licensees under Article 2 or 4.
§ 87-1.2 - Exception for specified Department of Transportation contractors.
§ 87-2 - Licensing Board; organization.
§ 87-3 - Members of Board to take oath.
§ 87-4 - First meeting of Board; officers; secretary-treasurer and assistants.
§ 87-6 - Meetings; notice; quorum.
§ 87-7 - Records of Board; disposition of funds.
§ 87-8 - Records; roster of licensed contractors; report to Governor.
§ 87-9.1 - Ownership of real property; equipment; liability insurance.
§ 87-10 - Application for license; examination; certificate; renewal.
§ 87-10.1 - Licensing of nonresidents.
§ 87-10.2 - Continuing education.
§ 87-12 - Certificate evidence of license.
§ 87-13.1 - Board may seek injunctive relief; attorney's fee.
§ 87-14 - Regulations as to issue of building permits.
§ 87-15 - Copy of Article included in specifications; bid not considered unless contractor licensed.
§ 87-15.1 - Reciprocity of licensing.
§ 87-15.2 - Public awareness program.