63A-25. Dissolution.
Whenever the Board shall by resolution determine that the purposes for which the Authority was formed have been substantially fulfilled and that all bonds issued and all other obligations incurred by the Authority have been fully paid or satisfied, the Board may declare the Authority to be dissolved. On the effective date of the resolution, the title to all funds and other property owned by the Authority at the time of the dissolution shall vest in the State and possession of the funds and other property shall be delivered to the State. (1991, c. 749, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 63A - North Carolina Global TransPark Authority
§ 63A-1 - Short title and intent.
§ 63A-3 - Creation of Authority and Board.
§ 63A-4 - Powers of the Authority.
§ 63A-5 - Taxation of property of Authority.
§ 63A-6 - Acquisition, disposition, or exchange of real property.
§ 63A-10 - Refunding bonds or notes.
§ 63A-11 - Special user project bonds or notes.
§ 63A-12 - Public hearing requirements.
§ 63A-13 - Financing agreements.
§ 63A-14 - Security documents.
§ 63A-17 - Status of bonds and notes under Uniform Commercial Code.
§ 63A-18 - Zoning power of Authority.
§ 63A-19 - Goals for participation by minorities, women, and the disabled.
§ 63A-20 - Officers not liable.
§ 63A-21 - Conflicts of interest.
§ 63A-22 - Cooperation by other State agencies.