159C-15. Construction contracts.
The authority may agree with the prospective operator that all contracts relating to the acquisition, construction, installation and equipping of a project shall be solicited, negotiated, awarded and executed by the prospective operator and its agents subject only to such approvals by the authority as the authority may require in such agreement. Such agreement may provide that the authority may, out of the proceeds of bonds, make advances to or reimburse the operator for all or a portion of its costs incurred in connection with such contracts. (1975, c. 800, s. 1; 1977, c. 719, s. 6.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159C - Industrial and Pollution Control Facilities Financing Act
§ 159C-2 - Legislative findings and purposes.
§ 159C-4 - Creation of authorities.
§ 159C-7 - Approval of industrial projects and pollution control projects by Secretary of Commerce.
§ 159C-10 - Location of projects.
§ 159C-11 - Financing agreements.
§ 159C-12 - Security documents.
§ 159C-15 - Construction contracts.
§ 159C-16 - Conflict of interest.
§ 159C-17 - Credit of State not pledged.
§ 159C-18 - Bonds eligible for investment.
§ 159C-19 - Revenue refunding bonds.
§ 159C-20 - No power of eminent domain.
§ 159C-21 - Dissolution of authorities.
§ 159C-22 - Annual reports; application of Article 3, Subchapter III of Chapter 159.
§ 159C-23 - Officers not liable.
§ 159C-24 - Additional method.
§ 159C-25 - Liberal construction.