reglab/housing_qa huggingface dataset:
NC Gen Stat § 157-17 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-17 - Power to mortgage when project financed with governmental aid.

 157-17. Power to mortgage when project financed with governmental aid.In connection with the interim or permanent financing of any project to be permanently financed in whole or in part by a government, or the permanent financing of which is to be secured by a pledge of a government commitment for rental assistance payments, the authority shall also have the power, subject to the consent or approval of any government providing such financing or making such commitment for rental assistance payments, to mortgage all or any part of its property, real or personal, then owned or thereafter acquired, and thereby:(1) To vest in a government the right, upon the happening of an event of default (as defined in such mortgage), to foreclose such mortgage through judicial proceedings or through the exercise of a power of sale without judicial proceedings, so long as a government shall be the holder of any of the bonds secured by such mortgage.(2) To vest in a trustee or trustees the right, upon the happening of an event of default (as defined in such mortgage), to foreclose such mortgage through judicial proceedings or through the exercise of a power of sale without judicial proceedings.(3) To vest in other obligees the right to foreclose such mortgage by judicial proceedings.(4) To vest in an obligee, including a government, the right in foreclosing any mortgage as aforesaid, to foreclose such mortgage as to all or such part or parts of the property covered thereby as such obligee (in its absolute discretion) shall elect; the institution, prosecution and conclusion of any such foreclosure proceedings and/or the sale of any such parts of the mortgaged property shall not affect in any manner or to any extent the lien of the mortgage on the parts of the mortgaged property not included in such proceedings or not sold as aforesaid. (1935, c. 456, s. 17; 1977, c. 784, s. 3.)
NC Gen Stat § 157-17.1 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-17.1 - Approval of mortgages by Local Government Commission; considerations; rules and regulations.

 157-17.1. Approval of mortgages by Local Government Commission; considerations; rules and regulations.(a) With the exception of mortgages under G.S. 157-17, no housing authority may execute any mortgage authorized by this Chapter without the approval of the Local Government Commission.(b) The Local Government Commission shall consider, in any application by a housing authority for approval of a mortgage, the following issues:(1) The value of the property, and any other secured indebtedness upon the property;(2) The ability of the authority to repay the indebtedness secured by the mortgage;(3) Any other issues it deems necessary to insure the financial soundness of the housing authority.(c) The Local Government Commission shall adopt rules and regulations to implement this section. (1979, c. 690, s. 5.)
NC Gen Stat § 157-18 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-18 - Remedies of an obligee of authority.

 157-18. Remedies of an obligee of authority.An obligee of the authority shall have the right in addition to all other rights which may be conferred on such obligee subject only to any contractual restrictions binding upon such obligee:(1) By mandamus, suit, action or proceeding in law or equity (all of which may be joined in one action) to compel the authority, and the commissioners, officers, agents or employees thereof to perform each and every term, provision and covenant contained in any contract of the authority, and to require the carrying out of any or all covenants and agreements of the authority and the fulfillment of all duties imposed upon the authority by this Article.(2) By suit, action or proceeding in equity to enjoin any acts or things which may be unlawful, or the violation of any of the rights of such obligee of the authority.(3) By suit, action or proceeding in any court of competent jurisdiction to cause possession of any housing project or any part thereof to be surrendered to any obligee having the right to such possession pursuant to any contract of the authority. (1935, c. 456, s. 18.)
NC Gen Stat § 157-19 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-19 - Additional remedies conferrable by mortgage or trust indenture.

 157-19. Additional remedies conferrable by mortgage or trust indenture.Any authority shall have power by its trust indenture, mortgage, lease or other contract to confer upon any obligee holding or representing a specified amount in bonds, lease or other obligations the right upon the happening of an "event of default" as defined in such instrument:(1) By suit, action or proceeding in any court of competent jurisdiction to obtain the appointment of a receiver of any housing project of the authority or any part or parts thereof. If such receiver be appointed, he may enter and take possession of such housing project or any part or parts thereof and operate and maintain same, and collect and receive all fees, rents, revenues, or other charges thereafter arising therefrom in the same manner as the authority itself might do and shall keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of the authority as the court shall direct.(2) By suit, action or proceeding in any court of competent jurisdiction to require the authority and the commissioners thereof to account as if it and they were the trustees of an express trust. (1935, c. 456, s. 19.)
NC Gen Stat § 157-20 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-20 - Remedies cumulative.

 157-20. Remedies cumulative.All the rights and remedies hereinabove conferred shall be cumulative and in addition to all other rights and remedies that may be conferred upon such obligee of the authority by law or by any contract with the authority. (1935, c. 456, s. 20.)
NC Gen Stat § 157-21 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-21 - Limitations on remedies of obligee.

 157-21. Limitations on remedies of obligee.All property of the authority shall be exempt from levy and sale by virtue of an execution, and no execution shall issue against the same. No judgment against the authority shall be a charge or lien against its property, real or personal. The provisions of this section shall not apply to or limit the right of obligees of any mortgage of the authority provided for in G.S. 157-17, after foreclosure sale thereunder, to obtain a judgment or decree for any deficiency due on the indebtedness secured thereby and to issue execution on the credit of the authority. Such deficiency judgment or decree shall be a lien and charge upon the property of the authority, which may be levied on and sold by virtue of an execution or other judicial process for the purpose of satisfying such deficiency judgment or decree. (1935, c. 456, s. 21; 1979, c. 690, s. 4.)
NC Gen Stat § 157-22 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-22 - Title obtained at foreclosure sale subject to agreement with government.

 157-22. Title obtained at foreclosure sale subject to agreement with government.Notwithstanding anything in this Article to the contrary, any purchaser or purchasers at a sale of real or personal property of the authority whether pursuant to any foreclosure of a mortgage, pursuant to judicial process or otherwise, shall obtain title subject to any contract between the authority and a government relating to the supervision by a government of the operation and maintenance of such property and the construction of improvements thereon. (1935, c. 456, s. 22.)
NC Gen Stat § 157-23 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-23 - Contracts with federal government.

 157-23. Contracts with federal government.In addition to the powers conferred upon the authority by other provisions of this Article, the authority is empowered to borrow money and/or accept grants from the federal government for or in aid of the construction of any housing project which such authority is authorized by this Article to undertake, to take over any land acquired by the federal government for the construction of a housing project, to take over or lease or manage any housing project constructed or owned by the federal government, and to these ends, to enter into such contracts, mortgages, trust indentures, leases or other agreements as the federal government may require including agreements that the federal government shall have the right to supervise and approve the construction, maintenance and operation of such housing project. It is the purpose and intent of this Article to authorize every authority to do any and all things necessary to secure the financial aid and the cooperation of the federal government in the construction, maintenance and operation of any housing project which the authority is empowered by this Article to undertake. (1935, c. 456, s. 23.)
NC Gen Stat § 157-24 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-24 - Security for funds deposited by authorities.

 157-24. Security for funds deposited by authorities.The authority may by resolution provide that(1) All moneys deposited by it shall be secured by obligations of the United States or of the State of a market value equal at all times to the amount of such deposits or(2) By any securities in which savings banks may legally invest funds within their control or(3) By an undertaking with such sureties as shall be approved by the authority faithfully to keep and pay over upon the order of the authority any such deposits and agreed interest thereon, and all banks and trust companies are authorized to give any such security for such deposits. (1935, c. 456, s. 24.)
NC Gen Stat § 157-25 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-25 - Housing bonds, legal investments and security.

 157-25. Housing bonds, legal investments and security.The State and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds issued by a housing authority established (or hereafter established) pursuant to this Article or issued by any public housing authority or agency in the United States, when such bonds are secured by a pledge of annual contributions to be paid by the United States government or any agency thereof, or bonds which may be issued notwithstanding any other limitations of this Chapter, by a not-for-profit corporate agency of a housing authority secured by rentals payable pursuant to section 23 of the United States Housing Act of 1937, as amended, or by rental assistance payments under any other section of said act, as amended, and any such bonds shall be authorized security for all public deposits and shall be fully negotiable in this State; it being the purpose of this Article to authorize any persons, firms, corporations, associations, political subdivisions, bodies and officers, public or private, to use any funds owned or controlled by them, including (but not limited to) sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit, for the purchase of any such bonds and that any such bonds shall be authorized security for all public deposits and shall be fully negotiable in this State: Provided, however, that nothing contained in this Article shall be construed as relieving any person, firm or corporation from any duty of exercising reasonable care in selecting securities. (1935, c. 456, s. 25; 1941, c. 78, s. 3; 1971, c. 1161; 1977, c. 784, s. 4.)
NC Gen Stat § 157-26 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-26 - Tax exemptions.

 157-26. Tax exemptions.An authority is a local government agency and is exempt from taxation to the same extent as a unit of local government. Property owned by an authority is exempt from taxation in accordance with Article V, 2 of the North Carolina Constitution. Bonds and other obligations issued by an authority or its corporate agent authorized by this Article to exercise its powers are declared to be issued for a public purpose and to be public instrumentalities. These obligations are exempt from all State, county, and municipal taxation or assessment, direct or indirect, general or special, whether imposed for the purpose of general revenue or otherwise, excluding income taxes on the gain from the transfer of the obligations, and franchise taxes. The interest on the obligations is not subject to taxation as income.  (1935, c. 456, s. 26; 1953, c. 907; 1973, c. 695, s. 7; 1977, c. 784, s. 5; 1995, c. 46, s. 17; 2015-264, s. 16(i).)
NC Gen Stat § 157-26.1 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-26.1 - Exemption from real estate licensure requirements.

 157-26.1. Exemption from real estate licensure requirements.The authority and the regular salaried employees of the authority shall be exempt from the requirements of Chapter 93A of the General Statutes as provided in G.S. 93A-2(c)(8). (1999-409, s. 2.)
NC Gen Stat § 157-27 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-27 - Reports.

 157-27. Reports.The authority shall at least once a year file with the mayor of the city a report of its activities for the preceding year, and shall make any recommendations with reference to any additional legislation or other action that may be necessary in order to carry out the purposes of this Article. (1935, c. 456, s. 27.)
NC Gen Stat § 157-29.1 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-29.1 - Fraudulent misrepresentation.

 157-29.1. Fraudulent misrepresentation.(a) Any person whether provider or recipient, or person representing himself as such, who willfully and knowingly and with intent to deceive makes a false statement or representation or who willfully and knowingly and with intent to deceive fails to disclose a material fact and as a result of making a false statement or representation or failing to disclose a material fact obtains, for himself or another person, attempts to obtain for himself or another person, or continues to receive housing assistance in the amount or value of not more than four hundred dollars ($400.00) is guilty of a Class 1 misdemeanor.(b) Any person whether provider or recipient, or person representing himself as such, who willfully and knowingly and with intent to deceive makes a false statement or representation or who willfully and knowingly and with intent to deceive fails to disclose a material fact and as a result of making a false statement or representation or failing to disclose a material fact obtains, for himself or another person, or continues to receive housing assistance in the amount or value of more than four hundred dollars ($400.00) is guilty of a Class I felony.(c) As used in this section the word "person" means person, association, consortium, body politic, partnership, or other group, entity, or organization. (1985, c. 741, s. 1; 1993, c. 539, s. 1080; 1994, Ex. Sess., c. 24, s. 14(c).)
NC Gen Stat § 157-30 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-30 - Creation and establishment validated.

 157-30. Creation and establishment validated.The creation and establishment of housing authorities under the provisions of Chapter 456, Public Laws of 1935, as amended by Chapter 2, Public Laws of 1938, Extra Session, and as further amended by Chapter 150, Public Laws of 1939, and any additional amendments thereto, known as the Housing Authorities Law [G.S. 157-1 et seq.], together with all proceedings, acts and things heretofore undertaken, performed or done with reference thereto, are hereby validated, ratified, confirmed, approved and declared legal in all respects, notwithstanding any want of statutory authority or any defect or irregularity therein. (1939, c. 118, s. 1; 1941, c. 62, s. 1.)
NC Gen Stat § 157-31 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-31 - Contracts, agreements, etc., validated.

 157-31. Contracts, agreements, etc., validated.All contracts, agreements, obligations and undertakings of such housing authorities heretofore entered into relating to financing or aiding in the development, construction, maintenance or operation of any housing project or projects or to obtaining aid therefor from the United States Housing Authority, including (without limiting the generality of the foregoing) loan and annual contributions contracts and leases with the United States Housing Authority, agreements with municipalities or other public bodies (including those which are pledged or authorized to be pledged for the protection of the holders of any notes or bonds issued by such housing authorities or which are otherwise made a part of the contract with such holders of notes or bonds) relating to cooperation and contributions in aid of housing projects, payments (if any) in lieu of taxes, furnishing of municipal services and facilities, and the elimination of unsafe and insanitary dwellings, and contracts for the construction of housing projects, together with all proceedings, acts and things heretofore undertaken, performed or done with reference thereto, are hereby validated, ratified, confirmed, approved and declared legal in all respects, notwithstanding any want of statutory authority or any defect or irregularity therein. (1939, c. 118, s. 2; 1941, c. 62, s. 2.)
NC Gen Stat § 157-32 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-32 - Proceedings for issuance, etc., of bonds and notes validated.

 157-32. Proceedings for issuance, etc., of bonds and notes validated.All proceedings, acts and things heretofore undertaken, performed or done in or for the authorization, issuance, execution and delivery of notes and bonds by housing authorities for the purpose of financing or aiding in the development or construction of a housing project or projects, and all notes and bonds heretofore issued by housing authorities are hereby validated, ratified, confirmed, approved and declared legal in all respects, notwithstanding any want of statutory authority or any defect or irregularity therein. (1939, c. 118, s. 3; 1941, c. 62, s. 3.)
NC Gen Stat § 157-32.1 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-32.1 - Other validation of creation, etc.

 157-32.1. Other validation of creation, etc.The creation, establishment and organization of housing authorities under the provisions of the Housing Authorities Law (Chapter 456, Public Laws of 1935, as amended, codified as G.S. 157-1 et seq.), together with all proceedings, acts and things heretofore undertaken or done with reference thereto, are hereby validated and declared legal in all respects. (1943, c. 89, s. 1.)
NC Gen Stat § 157-32.2 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-32.2 - Other validation of contracts, agreements, etc.

 157-32.2. Other validation of contracts, agreements, etc.All contracts, agreements and undertakings of such housing authorities heretofore entered into relating to financing, or aiding in the development or operation of any housing projects, including (without limiting the generality of the foregoing) loan and annual contributions contracts, agency contracts and leases, agreements with municipalities or other public bodies (including those which are pledged or authorized to be pledged for the protection of the holders of any notes or bonds issued by such housing authorities or which are otherwise made a part of the contract with such holders of notes or bonds) relating to cooperation in aid of housing projects, payments to public bodies in the State, furnishing of municipal services and facilities and the elimination of unsafe and insanitary dwellings, and contracts for the construction of housing projects, together with all proceedings, acts and things heretofore undertaken or done with reference thereto, are hereby validated and declared legal in all respects. (1943, c. 89, s. 2.)
NC Gen Stat § 157-32.3 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-32.3 - Other validation of bonds and notes.

 157-32.3. Other validation of bonds and notes.All proceedings, acts and things heretofore undertaken or done in or for the authorization, issuance, execution and delivery of notes and bonds by housing authorities for the purpose of financing or aiding in the development or construction of a housing project or projects, and all notes and bonds heretofore issued by housing authorities are hereby validated and declared legal in all respects. (1943, c. 89, s. 3.)
NC Gen Stat § 157-32.4 (2021)
2021 North Carolina General Statutes|Chapter 157 - Housing Authorities and Projects|Article 1 - Housing Authorities Law.|§ 157-32.4 - Further validation of contracts, agreements, etc.

 157-32.4. Further validation of contracts, agreements, etc.All contracts or agreements of housing authorities heretofore entered into with the federal government or its agencies, and with municipalities or others relating to financial assistance for housing projects in which it was required that loans or advances shall bear an interest rate in excess of six per centum (6%) per annum, or in which a municipality or others had agreed to pay funds equal to the interest in excess of six per centum (6%) per annum are hereby validated, ratified, confirmed, approved and declared legal with respect to the payment of interest in excess of six per centum (6%), and all things done or performed in reference thereto. The housing authorities are hereby authorized to assume the full obligation of the municipalities under the contracts or agreements with reference to interest in excess of six per centum (6%), and to reimburse any municipality which has made any interest payment under such contracts or agreements. (1971, c. 87, s. 2.)