reglab/housing_qa huggingface dataset:
NC Gen Stat § 159C-10 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-10 - Location of projects.

 159C-10. Location of projects.Except as provided in this section, any project or projects of an authority shall be located within the boundaries of the county for which the authority was created. A portion or portions of any project including, but not limited to, any real or personal property or improvements necessary or convenient for the construction, maintenance, and operation of the project, may be located in a county or counties other than the county in which the principal part of the project is located so long as the additional portion or portions constitute functionally appurtenant or incidental facilities and the governing body of each other county in which the additional portion or portions of the project is or are located approves the project. In addition, if a project or a group of related projects is located in two or more adjacent counties, the authority created for any one of the counties may issue bonds as provided in G.S. 159C-6 for the purpose of paying all or any part of the cost of the project or group of related projects if the following conditions are met:(1) The board of commissioners of each county in which the project or group of related projects is located has consented.(2) The governing body of the authority created for each county in which the project or group of related projects is located has consented.(3) The bonds are issued in compliance with all other provisions of this Chapter. (1975, c. 800, s. 1; 1993, c. 130, s. 1; 1997-463, s. 3.)
NC Gen Stat § 159C-13 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-13 - Trust funds.

 159C-13. Trust funds.Notwithstanding any other provisions of law to the contrary, all money received pursuant to the authority of this Chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this Chapter. The security document may provide that any of such moneys may be temporarily invested and reinvested pending the disbursement thereof in such securities and other investments as shall be provided in such security document, and shall provide that any officer with whom, or any bank or trust company with which, such moneys shall be deposited shall act as trustee of such moneys and shall hold and apply the same for the purpose hereof, subject to such regulations as this Chapter and such security document may provide. (1975, c. 800, s. 1.)
NC Gen Stat § 159C-14 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-14 - Tax exemption.

 159C-14. Tax exemption.The authority shall not be required to pay any taxes on any project or on any other property owned by the authority under the provisions of this Chapter or upon the income therefrom.The interest on bonds issued by the authority shall be exempt from all income taxes within the State.All projects and all transactions therefor shall be subject to taxation to the extent such projects and transactions would be subject to taxation if no public body were involved therewith. (1975, c. 800, s. 1; 1977, c. 719, s. 5.)
NC Gen Stat § 159C-15 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-15 - Construction contracts.

 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.)
NC Gen Stat § 159C-16 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-16 - Conflict of interest.

 159C-16. Conflict of interest.If any officer, commissioner or employee of the authority, or any member of the governing body of the county for which the authority is created, shall be interested either directly or indirectly in any contract with the authority, such interest shall be disclosed to the authority and the county board of commissioners and shall be set forth in the minutes of the authority and the county board of commissioners, and the officer, commissioner, employee or member having such interest therein shall not participate on behalf of the authority in the authorization of any such contract or on behalf of the governing body of the county in the approval of the bonds to be issued by the authority to finance the project, respectively; provided, however, that this section shall not apply to the ownership of less than one per centum (1%) of the stock of any operator or obligor. Failure to take any or all actions necessary to carry out the purposes of this section shall not affect the validity of bonds issued pursuant to the provisions of this Chapter. (1975, c. 800, s. 1; 1977, c. 719, s. 7.)
NC Gen Stat § 159C-17 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-17 - Credit of State not pledged.

 159C-17. Credit of State not pledged.Bonds issued under the provisions of this Chapter shall not be deemed to constitute a debt of the State or any political subdivision or any agency thereof or a pledge of the faith and credit of the State or any political subdivision or any such agency, but shall be payable solely from the revenues and other funds provided therefor. Each bond issued under this Chapter shall contain on the face thereof a statement to the effect that the authority shall not be obligated to pay the same or the interest thereon except from the revenues and other funds pledged therefor and that neither the faith and credit nor the taxing power of the State or any political subdivision or any agency thereof is pledged to the payment of the principal of or the interest on such bonds. (1975, c. 800, s. 1.)
NC Gen Stat § 159C-18 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-18 - Bonds eligible for investment.

 159C-18. Bonds eligible for investment.Bonds issued by an authority under the provisions of this Chapter are hereby made securities in which all public officers and agencies of the State and all political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. (1975, c. 800, s. 1.)
NC Gen Stat § 159C-19 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-19 - Revenue refunding bonds.

 159C-19. Revenue refunding bonds.(a) Each authority is authorized to provide by resolution for the issuance of refunding bonds of the authority for the purpose of refunding any bonds then outstanding that have been issued under the provisions of this Chapter, including the payment of any redemption premium on them and any interest accrued or to accrue to the date of redemption of the bonds, and, if deemed advisable by the authority, for either or both of the following additional purposes:(1) Constructing improvements, additions, extensions or enlargements of the project or projects in connection with which the bonds to be refunded have been issued, and(2) Paying all or any part of the cost of any additional project or projects.(a1) The issuance of these bonds, their maturities and other details, the rights of their holders, and the rights, duties, and obligations of the authority in respect to them shall be governed by the provisions of this Chapter that relate to the issuance of bonds, to the extent appropriate, including that the bonds may have a single maturity within the limit prescribed by G.S. 159C-6.The approvals required by G.S. 159C-7 and 159C-8 shall be obtained prior to the issuance of any refunding bonds, except that if the refunding bonds of all or a portion of an issue are to be issued solely for the purpose of refunding outstanding bonds issued under this Chapter, the approval required by G.S. 159C-7 is not required as to the project financed with the bonds to be refunded.(b) Refunding bonds issued under this section may be sold or exchanged for outstanding bonds issued under this Chapter and, if sold, their proceeds may be applied, in addition to any other authorized purposes, to the purchase, redemption, or payment of the outstanding bonds. Refunding bonds may be issued, in the determination of the authority, at any time before the date of maturity or maturities or the date selected for the redemption of the bonds being refunded by them. Pending the application of the proceeds of the refunding bonds, with any other available funds, to the payment of the principal of and accrued interest and any redemption premium on the bonds being refunded, and, if so provided or permitted in the security document securing them, to the payment of any interest on the refunding bonds and any expenses in connection with the refunding, the proceeds may be invested in direct obligations of, or obligations the principal of and the interest on which are unconditionally guaranteed by, the United States of America that mature or are subject to redemption by the holder, at the option of such holder, not later than the respective dates when the proceeds, together with the interest accruing on them, will be required for the purposes intended. (1975, c. 800, s. 1; 1997-463, s. 4; 2000-179, s. 9.)
NC Gen Stat § 159C-20 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-20 - No power of eminent domain.

 159C-20. No power of eminent domain.No authority shall have any right or power to acquire any property through the exercise of eminent domain or any proceedings in the nature of eminent domain. (1975, c. 800, s. 1.)
NC Gen Stat § 159C-21 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-21 - Dissolution of authorities.

 159C-21. Dissolution of authorities.Whenever the board of commissioners of an authority and the governing body of the county for which such authority was created shall by joint resolution determine that the purposes for which the authority was formed have been substantially fulfilled and that all bonds theretofore issued and all other obligations theretofore incurred by the authority have been fully paid or satisfied, such board of commissioners and governing body may declare the authority to be dissolved. On the effective date of such joint resolution, the title to all funds and other property owned by the authority at the time of such dissolution shall vest in the county or in such other political subdivisions as the county shall direct, and possession of such funds and other property shall forthwith be delivered to the county or to such other political subdivisions in accordance with the direction of the county. (1975, c. 800, s. 1.)
NC Gen Stat § 159C-22 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-22 - Annual reports; application of Article 3, Subchapter III of Chapter 159.

 159C-22. Annual reports; application of Article 3, Subchapter III of Chapter 159.Each authority shall, promptly following the close of each calendar year, submit an annual report of its activities for the preceding year to the governing body of the county for which the authority was created. Each such report shall set forth a complete operating and financial statement covering the operations of the authority during such year.The provisions of Article 3, Subchapter III of Chapter 159 of the General Statutes of North Carolina entitled: "The Local Government Budget and Fiscal Control Act" shall have no application to authorities created pursuant to this Chapter. (1975, c. 800, s. 1; 1977, c. 719, s. 8.)
NC Gen Stat § 159C-23 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-23 - Officers not liable.

 159C-23. Officers not liable.No commissioner of any authority shall be subject to any personal liability or accountability by reason of his execution of any bonds or the issuance thereof. (1975, c. 800, s. 1.)
NC Gen Stat § 159C-24 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-24 - Additional method.

 159C-24. Additional method.The foregoing sections of this Chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing; provided, however, that the issuance of bonds or refunding bonds under the provisions of this Chapter need not comply with the requirements of any other law applicable to the issuance of bonds. (1975, c. 800, s. 1.)
NC Gen Stat § 159C-25 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-25 - Liberal construction.

 159C-25. Liberal construction.This Chapter, being necessary for the prosperity and welfare of the State and its inhabitants, shall be liberally construed to effect the purposes hereof. (1975, c. 800, s. 2.)
NC Gen Stat § 159C-26 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-26 - Inconsistent laws inapplicable.

 159C-26. Inconsistent laws inapplicable.Insofar as the provisions of this Chapter are inconsistent with the provisions of any general, special or local laws, or parts thereof, the provisions of this Chapter shall be controlling. (1975, c. 800, s. 3.)
NC Gen Stat § 159C-27 (2021)
2021 North Carolina General Statutes|Chapter 159C - Industrial and Pollution Control Facilities Financing Act|§ 159C-27 - Creation, etc., of prior authorities ratified.

 159C-27. Creation, etc., of prior authorities ratified.The creation, formation and organization of all authorities heretofore [prior to June 24, 1977] purported to have been created, formed and organized are hereby ratified, confirmed and validated. (1977, c. 719, s. 9.)
NC Gen Stat § 159E-1 (2021)
2021 North Carolina General Statutes|Chapter 159E - Registered Public Obligations Act|§ 159E-1 - Short title.

 159E-1. Short title.This Chapter may be cited as the "Registered Public Obligations Act." (1983, c. 322, s. 1.)
NC Gen Stat § 159E-3 (2021)
2021 North Carolina General Statutes|Chapter 159E - Registered Public Obligations Act|§ 159E-3 - Declaration of State interest; purposes.

 159E-3. Declaration of State interest; purposes.(a) The Code provides that interest with respect to certain obligations may not be exempt from federal income taxation unless they are in registered form. It is therefore a matter of State concern that public entities be authorized to provide for the issuance of obligations in such form. It is a purpose of this Chapter to empower all public entities to establish and maintain a system pursuant to which obligations may be issued in registered form within the meaning of the applicable provisions of the Code.(b) Obligations have traditionally been issued predominantly in bearer rather than in registered form, and a change from bearer to registered form may affect the relationships, rights and duties of issuers of and the persons that deal with obligations, and by such effect, the costs. Such effects will impact the various issuers and varieties of obligations differently depending on their legal and financial characteristics, their markets and their adaptability to recent and prospective technological and organizational developments. It is therefore a matter of State concern that public entities be provided flexibility in the development of such systems and control over system incidents, so as to accommodate such differing impacts. It is a purpose of this Chapter to empower the establishment and maintenance, and amendment from time to time, of differing systems of registration of obligations, including system incidents, so as to accommodate the differing impacts upon issuers and varieties of obligations. It is further a purpose of this Chapter to authorize systems that will facilitate the prompt and accurate transfer of registered public obligations and the development of practices with regard to the registration and transfer of registered public obligations in order to maintain market acceptance for obligations of public entities. (1983, c. 322, s. 1.)
NC Gen Stat § 159E-5 (2021)
2021 North Carolina General Statutes|Chapter 159E - Registered Public Obligations Act|§ 159E-5 - Certificated registered public obligations; execution; authentication.

 159E-5. Certificated registered public obligations; execution; authentication.(a) A certificated registered public obligation shall be executed by the issuer by the manual or facsimile signature or signatures of authorized officers. Any signature of an authorized officer may be attested by the manual or facsimile signature of another authorized officer.(b) In addition to the signatures referred to in (a) of this section any certificated registered public obligation or any writing relating to an uncertificated registered public obligation may include a certificate or certificates signed by the manual or facsimile signature of an authenticating agent, registrar, transfer agent or the like. (1983, c. 322, s. 1; 1987, c. 282, s. 29.)
NC Gen Stat § 159E-6 (2021)
2021 North Carolina General Statutes|Chapter 159E - Registered Public Obligations Act|§ 159E-6 - Certificated registered public obligation; signatures.

 159E-6. Certificated registered public obligation; signatures.(a) Any certificated registered public obligation signed by the authorized officers at the time of the signing thereof shall remain valid and binding, notwithstanding that before the issuance thereof any or all of such officers shall have ceased to fill their respective offices.(b) Any authorized officer empowered to sign any certificated registered public obligation may adopt as and for the signature of such officer the signature of a predecessor in office in the event that such predecessor's signature appears on such certificated registered public obligation. An unauthorized officer incurs no liability by adoption of a predecessor's signature that would not be incurred by such authorized officer if the signature were that of such authorized officer. (1983, c. 322, s. 1.)
NC Gen Stat § 159E-7 (2021)
2021 North Carolina General Statutes|Chapter 159E - Registered Public Obligations Act|§ 159E-7 - Certificated registered public obligation; seal.

 159E-7. Certificated registered public obligation; seal.When a seal is required or permitted in the execution of any certificated registered public obligation, an authorized officer may cause the seal to be printed, engraved, stamped, or otherwise placed in facsimile thereon. The facsimile seal has the same legal effect as the impression of the seal. (1983, c. 322, s. 1.)
NC Gen Stat § 159E-8 (2021)
2021 North Carolina General Statutes|Chapter 159E - Registered Public Obligations Act|§ 159E-8 - Agents; depositories.

 159E-8. Agents; depositories.(a) An issuer, with the approval of the Commission, may appoint for such term as may be agreed, including for so long as a registered public obligation may be outstanding, corporate or other authenticating agents, transfer agents, registrars, paying or other agents and specify the terms of their appointment, including their rights, their compensation and duties, limits upon their liabilities and provision for their payment of liquidated damages in the event of breach of certain of the duties imposed, which liquidated damages may be made payable to the issuer, the owner or a financial intermediary. None of such agents need have an office or do business within this State.(b) An issuer may agree with financial intermediaries in connection with the establishment and maintenance by others of a depository system for the transfer or pledge of registered public obligations or any interest therein. Any such financial intermediaries may, if qualified and acting as fiduciaries, also serve as authenticating agents, transfer agents, registrars, paying or other agents of the issuer with respect to the same issue of public obligations.(c) Nothing in this Chapter shall preclude the issuer from itself performing, either alone or jointly with others, any transfer, registration, authentication, payment, depository or other function described in this section. (1983, c. 322, s. 1.)
NC Gen Stat § 159E-9 (2021)
2021 North Carolina General Statutes|Chapter 159E - Registered Public Obligations Act|§ 159E-9 - Costs; collection.

 159E-9. Costs; collection.(a) An issuer, prior to or at original issuance of registered public obligations, may provide as a part of a system of registration that the transferor or transferee of the registered public obligations pay all or a designated part of the costs of the system as a condition precedent to transfer, that costs be paid out of proceeds of the registered public obligations, or that both methods be used. The portion of the costs of the system not provided to be paid for by the transferor or transferee or out of proceeds shall be the responsibility of the issuer. Moneys for the discharge of this responsibility may be appropriated annually.(b) The issuer may as a part of the system of registration provide for reimbursement or for satisfaction of its responsibility for costs by others. The issuer may enter into agreements with others respecting such reimbursement or satisfaction, may establish fees and charges pursuant to such agreements or otherwise, and may provide that the amount or estimated amount of such fees and charges shall be reimbursed or satisfied from the same sources and by means of the same collection and enforcement procedures and with the same priority and effect as with respect to the obligation. (1983, c. 322, s. 1.)
NC Gen Stat § 159E-10 (2021)
2021 North Carolina General Statutes|Chapter 159E - Registered Public Obligations Act|§ 159E-10 - Security for deposits.

 159E-10. Security for deposits.Obligations issued by public entities under the laws of one or more states, territories, or possessions of the United States, the Commonwealth of Puerto Rico, or the District of Columbia, which are in registered form, whether or not represented by an instrument, and which, except for their form, satisfy the requirements with regard to security for deposits of moneys of public agencies prescribed pursuant to any law of this State, shall be deemed to satisfy all such requirements even though they are in registered form if a security interest in such obligations is perfected under the laws of this State on behalf of the public agencies whose moneys are so deposited. (1983, c. 322, s. 1.)