reglab/statecodes huggingface dataset:
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter F - NORTH CAROLINA APPALACHIAN HOUSING PROGRAM › Section .0500 - ADMINISTRATIVE REQUIREMENTS › Section 01F .0501-.0505

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
Eff. June 16,
					 1978;
Transferred from T15: 14 Eff. December 1, 1981;
Amended Eff. March 1, 1984;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter G - ENERGY CONSERVATION LOAN GUARANTY PROGRAM › Section 01G .01-14

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
				  G.S.
				  122A-2;
				  122A-3;
				  122A-5.3(a),(c);
				  122A-6.1;
Eff.
				  February 10, 1978;
Transferred from T15: 14 Eff. December 1,
				  1981;
Amended Eff. February 1, 1982;
Repealed Eff.
				  March 1, 1984.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter H - MULTIFAMILY SUBSIDIZED RENTAL PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01H .0101-.0102

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-2;
					 122A-5;
Eff.
					 September 26, 1980;
Transferred from T15: 14 Eff. December 1,
					 1981;
Amended Eff. March 1, 1984;
Repealed Eff.
					 November 1, 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter H - MULTIFAMILY SUBSIDIZED RENTAL PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01H .0103 - REPEALED - PERSONS AND FAMILIES OF MODERATE INCOME

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-3;
					 122A-5;
					 122A-5.4;
Eff. March
					 1, 1984;
Amended Eff. August 1, 2000; June 1, 1987;
Repealed Eff. November 1, 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter H - MULTIFAMILY SUBSIDIZED RENTAL PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01H .0104-.0105

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-2;
					 122A-3;
					 122A-5;
					 122A-5.1;
					 122A-5.4;
Eff.
					 September 26, 1980;
Transferred from T15: 14 Eff. December 1,
					 1981;
Recodified from .0103; Recodified from .0104;
Amended Eff. May 1, 1984; March 1, 1984;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter H - MULTIFAMILY SUBSIDIZED RENTAL PROGRAM › Section .0200 - REQUIREMENTS › Section 01H .0201-.0206

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
Eff.
					 September 26, 1980;
Transferred from T15: 14 Eff. December 1,
					 1981;
Amended Eff. May 1, 1984; March 1, 1984;
Repealed
					 Eff. November 1, 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter H - MULTIFAMILY SUBSIDIZED RENTAL PROGRAM › Section .0300 - SELECTION PROCESS › Section 01H .0301-.0305

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
Eff.
					 September 26, 1980;
Transferred from T15: 14 Eff. December 1,
					 1981;
Amended Eff. March 1, 1984;
Repealed Eff.
					 November 1, 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter H - MULTIFAMILY SUBSIDIZED RENTAL PROGRAM › Section .0400 - PROJECT FINANCING › Section 01H .0401-.0404

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5.1;
Eff. September 26,
					 1980;
Transferred from T15: 14 Eff. December 1, 1981;
Amended Eff. May 1, 1984; March 1, 1984;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter H - MULTIFAMILY SUBSIDIZED RENTAL PROGRAM › Section .0500 - MULTIFAMILY RENTAL ASSISTANCE FUND AND PROGRAM › Section 01H .0501-.0503

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5(2);
					 122A-5(3);
					 122A-5.1; S.L. 1983, c.971,
					 s.133; S.L. 1984, c.971, s.133;
Eff. August 1, 1985;
Amended Eff. December 1, 1989;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter I - MODERATE INCOME MULTIFAMILY MORTGAGE PURCHASE PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01I .0101-0102

Current through Register Vol. 39, No. 2, July 15, 2024
Filed as a Temporary
					 Rule Eff. December 30, 1981, for a Period of 120 Days to Expire on April 29,
					 1982;
Authority
					 G.S.
					 122A-3;
					 122A-5;
					 122A-5.4;
Eff. April
					 29, 1982;
Amended Eff. May 1, 1983;
Repealed Eff. March
					 1, 1984.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter I - MODERATE INCOME MULTIFAMILY MORTGAGE PURCHASE PROGRAM › Section .0200 - REQUIREMENTS › Section 01I .0201-0203

Current through Register Vol. 39, No. 2, July 15, 2024
Filed as a Temporary
					 Rule Eff. December 30, 1981, for a Period of 120 Days to Expire on April 29,
					 1982;
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122A-5.4;
Eff. April
					 29, 1982;
Repealed Eff. March 1,
					 1984.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter I - MODERATE INCOME MULTIFAMILY MORTGAGE PURCHASE PROGRAM › Section .0300 - SELECTION PROCESS › Section 01I .0301-0302

Current through Register Vol. 39, No. 2, July 15, 2024
Filed as a Temporary
					 Rule Eff. December 30, 1981, for a Period of 120 Days to Expire on April 29,
					 1982;
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122A-5.4;
Eff. April
					 29, 1982;
Repealed Eff. March 1,
					 1984.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter I - MODERATE INCOME MULTIFAMILY MORTGAGE PURCHASE PROGRAM › Section .0400 - PROJECT FINANCING › Section 01I .0401-0404

Current through Register Vol. 39, No. 2, July 15, 2024
Filed as a Temporary
					 Rule Eff. December 30, 1981, for a Period of 120 Days to Expire on April 29,
					 1982;
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122A-5.4;
Eff. April
					 29, 1982;
Repealed Eff. March 1,
					 1984.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter J - HOME IMPROVEMENT LOAN PURCHASE PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01J .0101-.0105

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-2;
					 122A-3;
					 122A-5;
					 122A-5.1;
					 122A-5.2;
					 122A-5.5;
					 122A-8;
Temporary
					 Rule Eff. March 29, 1982, for a Period of 120 Days to Expire on July 27,
					 1982;
Eff. July 1, 1982;
Temporary Amendment Eff.
					 January 17, 1983, for a Period of 76 Days to Expire on April 2,
					 1983;
Amended Eff. July 1, 1987; June 1, 1987; March 1, 1984; May
					 1, 1983;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter J - HOME IMPROVEMENT LOAN PURCHASE PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01J .0106 - REPEALED - ELIGIBLE LENDER

Current through Register Vol. 39, No. 2, July 15, 2024
Filed as a Temporary
					 Rule Eff. March 29, 1982, for a Period of 120 Days to Expire on July 27,
					 1982;
Authority 122A-5.5;
Eff. July 1,
					 1982;
Repealed Eff. June 1, 1987.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter J - HOME IMPROVEMENT LOAN PURCHASE PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01J .0107 - REPEALED - COMPLIANCE WITH TAX ACT

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5.5;
Eff. June 1,
					 1987;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter J - HOME IMPROVEMENT LOAN PURCHASE PROGRAM › Section .0200 - CONTRACTS AND FORMS › Section 01J .0201-.0202

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122A-5.5;
Temporary
					 Rule Eff. March 29, 1982, for a Period of 120 Days to Expire on July 27,
					 1982;
Eff. July 1, 1982;
Amended Eff. June 1,
					 1987;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter J - HOME IMPROVEMENT LOAN PURCHASE PROGRAM › Section .0200 - CONTRACTS AND FORMS › Section 01J .0203 - REPEALED - FORMS ACCOMPANY HOME IMPROVEMENT LOANS APPROVED BY AGENCY

Current through Register Vol. 39, No. 2, July 15, 2024
Filed as a Temporary
					 Amendment Eff. January 17, 1983, for a Period of 76 Days to Expire on April 2,
					 1983;
Filed as a Temporary Rule Eff. March 29, 1982, for a Period
					 of 120 Days to Expire on July 27, 1982;
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
Eff. July
					 1, 1982;
Amended Eff. March 1, 1984; May 1, 1983;
Repealed Eff. June 1, 1987.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter K - MULTIFAMILY UNSUBSIDIZED RENTAL PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01K .0101-.0103

Current through Register Vol. 39, No. 2, July 15, 2024
Authority G.S. 122A;
					 122A-2; 122A-5; 122A-5(12); 122A-5.1;
Eff. January 1,
					 1983;
Recodified from .0103; Recodified from .0102;
Amended Eff. May 1, 1984; March 1, 1984;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter K - MULTIFAMILY UNSUBSIDIZED RENTAL PROGRAM › Section .0200 - REQUIREMENTS › Section 01K .0201-.0204

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
Eff.
					 January 1, 1983;
Amended Eff. May 1, 1984; March 1,
					 1984;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter K - MULTIFAMILY UNSUBSIDIZED RENTAL PROGRAM › Section .0300 - PROJECT FINANCING › Section 01K .0301-.0304

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
Eff.
					 January 1, 1983;
Amended Eff. May 1, 1984; March 1,
					 1984;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter K - MULTIFAMILY UNSUBSIDIZED RENTAL PROGRAM › Section .0400 - SELECTION PROCESS › Section 01K .0401-.0405

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-4;
					 122A-5;
					 122A-5.1;
Eff.
					 January 1, 1983;
Amended Eff. March 1, 1984;
Repealed
					 Eff. November 1, 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter K - MULTIFAMILY UNSUBSIDIZED RENTAL PROGRAM › Section .0500 - DISTRESSED PROJECTS › Section 01K .0501-.0504

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122A-5.4;
Temporary
					 Rule Eff. September 9, 1987 for a Period of 120 Days to Expire on January 7,
					 1988;
Eff. January 1, 1988;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter K - MULTIFAMILY UNSUBSIDIZED RENTAL PROGRAM › Section .0600 - CATALYST PROGRAM FOR NOT-FOR-PROFIT ORGANIZATIONS › Section 01K .0601-.0605

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122A-5.4;
Temporary
					 Rule Eff. April 22, 1988 for a Period of 180 Days to Expire on October 19,
					 1988;
Eff. September 1, 1988;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter L - RENTAL REHABILITATION PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01L .0101-.0102

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5(1);
Temporary Rule Eff. March 18, 1985 for a Period of 120 Days to Expire on July
					 18, 1985;
Eff. July 1, 1985;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter L - RENTAL REHABILITATION PROGRAM › Section .0200 - PROGRAM IMPLEMENTATION › Section 01L .0201-.0202

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5(1);
					 150B-14(c);
Temporary Rule Eff. March 18, 1985 for a Period of 120 Days to Expire on July
					 18, 1985;
Eff. July 1, 1985;
Amended Eff. February 1,
					 1989;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0100 - GENERAL POLICY GUIDELINES › Section 01M .0101 - EXPIRED - ADOPTION OF CHAPTER 122E BY REFERENCE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122E-4;
					 122E-5;
					 122E-8;
					 150B-14(c);
Eff. September 1, 1988;
Amended Eff. November 2, 1992;
Expired Eff. October 1, 2017 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0200 - GENERAL HOUSING TRUST FUND PROGRAM REQUIREMENTS › Section 01M .0201 - EXPIRED - PURPOSE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122E-4;
					 122E-5;
					 122E-8; l50B-14(c);
Temporary Rule Eff. May 13, 1988 For a Period of 180 Days to Expire on November
					 9, 1988;
Eff. December 1, 1988;
Amended Eff. November
					 2, 1992; May 1, 1989;
Expired Eff. October 1, 2017 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0200 - GENERAL HOUSING TRUST FUND PROGRAM REQUIREMENTS › Section 01M .0202 - ELIGIBILITY

Current through Register Vol. 39, No. 2, July 15, 2024
(a) Eligible
				  projects under Trust Fund programs shall include those identified in
				  G.S.
				  122E-6(c) and (d).
(b) Specific activities eligible for
				  financing through Trust Fund programs will be identified in the rules for each
				  program.
(c) Eligible applicants
				  for Trust Fund programs will be identified in the rules for each program.
				  Eligible recipients of Trust Fund funding must directly operate the program
				  funded.
(d) Housing units assisted
				  under Trust Fund programs must be occupied by very low-, low- or
				  moderate-income households, as defined
				  G.S.
				  122E-6(a). Specific
				  targeting of funds required under each program will be identified in the rules
				  for each program and the program application and funding documents.
(e) All rental housing units assisted under
				  the Trust Fund must remain affordable to the target population, as required by
				  G.S.
				  122E-6(b). Applicants for
				  funding will be required to demonstrate how affordability will be maintained.
				  The agency will use loan documents to help ensure that affordability is
				  maintained.
(f) Eligible forms of
				  assistance under Trust Fund programs will be identified in the rules for each
				  program. Loans will be repaid to the Trust Fund.
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122E-4;
					 122E-5;
					 122E-8;
					 150B-14(c);
Temporary Rule Eff. May 13, 1988 For a Period of 180 Days to Expire on November
					 9, 1988;
Eff. December 1, 1988;
Amended Eff. February
					 1, 1993; May 1, 1989;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. September 23,
					 2017.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0200 - GENERAL HOUSING TRUST FUND PROGRAM REQUIREMENTS › Section 01M .0203 - APPLICATION PROCEDURES

Current through Register Vol. 39, No. 2, July 15, 2024
(a) Funding cycles
				  for Trust Fund programs will be established on an annual basis, or more
				  frequently, depending on the need for and the availability of funds. Separate
				  funding cycles may be utilized for new construction, rehabilitation, energy
				  conservation and other projects.
(b) The agency will solicit applications for
				  Trust Fund programs by mailing information to eligible applicants [as defined
				  in Rule .0202(c)] and by other methods of public announcement.
(c) Eligible applicants may apply for funding
				  under Trust Fund programs by submitting an application to the agency in a
				  manner described in the program application documents available from the
				  agency. The agency will develop the application documents which will include,
				  but not be limited to, a Request for Proposals and application form(s). The
				  agency will from time to time amend the contents of the application
				  documents.
(d) The agency will
				  offer technical assistance to prospective applicants to assist them in
				  preparing applications for Trust Fund programs.
Authority
					 G.S.
					 122E-4;
					 122E-5;
					 122E-8;
					 150B-14(c);
Temporary Rule Eff. May 13, 1988 For a Period of 180 Days to Expire on November
					 9, 1988;
Eff. December 1, 1988;
Amended Eff. November
					 2, 1992; May 1, 1989;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. September 23,
					 2017.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0200 - GENERAL HOUSING TRUST FUND PROGRAM REQUIREMENTS › Section 01M .0204 - SELECTION PROCEDURES

Current through Register Vol. 39, No. 2, July 15, 2024
(a) In distributing
				  program funds, the partnership shall develop an allocation formula that will
				  promote the distribution of funds across the state based on population and very
				  low-, low- and moderate-income housing need as defined in
				  G.S.
				  122E-6(a). Population will
				  be estimated using the most recent state population estimates available from
				  the Office of State Planning. Very low-, low-, and moderate-income housing need
				  will be estimated using the most recent available U.S. Census data for
				  household income, housing affordability and housing condition.
(b) If applications received by the
				  applicable deadline are insufficient to utilize all of the funds allocated to a
				  funding cycle, geographic region and urban or rural area, the partnership, may
				  extend the application deadline.
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122E-4;
					 122E-5;
					 122E-8;
Temporary
					 Rule Eff. May 13, 1988 For a Period of 180 Days to Expire on November 9,
					 1988;
Eff. December 1, 1988;
Amended Eff. February 1,
					 1993; May 1, 1989;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. September 23,
					 2017.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0200 - GENERAL HOUSING TRUST FUND PROGRAM REQUIREMENTS › Section 01M .0205 - REPEALED - ADMINISTRATION

Current through Register Vol. 39, No. 2, July 15, 2024
Filed as a Temporary
					 Rule Eff. May 13, 1988 For a Period of 180 Days to Expire on November 9,
					 1988;
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122E-4;
					 122E-5;
					 122E-8;
Eff.
					 December 1, 1988;
Repealed Eff. February 1,
					 1993.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0300 - HOUSING PRODUCTION PROGRAM › Section 01M .0301 - GOAL AND OBJECTIVES

Current through Register Vol. 39, No. 2, July 15, 2024
(a) The goal of the
				  Housing Production Program (the "program") is to increase the supply of housing
				  that is affordable to very low, low- and moderate-income households as defined
				  in G.S.
				  122E-6(a).
(b) The objectives of the program are:
(1) To primarily serve low-income
				  households;
(2) To add units to the
				  housing stock that will be affordable on a long-term basis;
(3) To encourage energy-efficient housing
				  design and construction that will lower operating costs for both homeowners and
				  tenants;
(4) To assist projects
				  that would otherwise not be financially feasible as lower-income
				  housing;
(5) To assist communities
				  that have not participated in previous Program funding cycles;
(6) To distribute Program funds to all areas
				  of the state based on very low-, low- and moderate income housing needs as
				  defined in Rule .0204(a) of this Subchapter; and
(7) To assist projects serving populations
				  with special housing needs including the elderly, persons with disabilities,
				  the homeless, single parent households and large households (i.e., those with
				  five or more people).
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0300 - HOUSING PRODUCTION PROGRAM › Section 01M .0302 - ELIGIBILITY REQUIREMENTS

Current through Register Vol. 39, No. 2, July 15, 2024
(a) Both
				  rental and home ownership projects are eligible under the program. In addition,
				  eligible projects are those including:
(1) New
				  construction;
(2) Acquisition and
				  rehabilitation; or
(3) Substantial
				  rehabilitation.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0300 - HOUSING PRODUCTION PROGRAM › Section 01M .0303 - THRESHOLD REVIEW CRITERIA

Current through Register Vol. 39, No. 2, July 15, 2024
The agency's evaluation of applications for funding shall
					 consider the following threshold criteria:
(1) The application must be complete and
				  submitted on the proper form by the application deadline;
(2) The application must demonstrate
				  acceptable cash flow projections sufficient to pay debt service, including the
				  program loan, and operating expenses for the project;
(3) The application must meet the program
				  eligibility requirements addressing eligible applicants, eligible projects,
				  eligible households, eligible uses of funds and eligible forms of
				  assistance;
(4) The applicant must
				  control the site by ownership, contract to purchase, long term lease, or other
				  means acceptable to the agency;
(5)
				  The application must identify the sources of both construction and permanent
				  financing;
(6) The application must
				  provide pro forma information, in the format required by the agency,
				  demonstrating both the affordability of the project to eligible households and
				  the need for program funds;
(7) The
				  application must provide evidence that the project is consistent with local
				  land use plans and development regulations and that public or private
				  infrastructure will be available to serve the project;
(8) The application must provide site and
				  market information that indicates there will be sufficient demand for the
				  project; and
(9) The applicant must
				  not be under administrative restrictions from federal, state or local sources
				  barring the applicant's participation in their housing programs.
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122E-4;
					 122E-5;
					 122E-8;
Eff.
					 February 1, 1993;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. September 23,
					 2017.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0300 - HOUSING PRODUCTION PROGRAM › Section 01M .0304 - RANKING CRITERIA

Current through Register Vol. 39, No. 2, July 15, 2024
(a) Applications
				  meeting the threshold requirements will be ranked within their respective areas
				  using a competitive point ranking system. No more than 25 percent of the total
				  points available will be awarded under any single criterion. For rental
				  projects the agency will consider the following ranking criteria:
(1) Project Location. Points will be awarded
				  if previous program rental projects have not been sited in the county or
				  city.
(2) Sponsor Experience.
				  Points will be awarded based on successful development experience for similar
				  types of projects including, but not limited to, the number of units developed
				  and the avoidance of mortgage defaults or adverse management agent
				  proceedings.
(3) Affordability.
				  Points will be awarded based on the affordability of the project to eligible
				  households and length of time the development will remain affordable to
				  low-income households.
(4)
				  Feasibility. Points will be awarded based on the agency's analysis of the
				  economic feasibility of the project using factors including, but not limited
				  to, the debt service coverage ratio, the anticipated occupancy rate, the
				  projected per unit operating costs, the proposed per unit construction cost,
				  the status of zoning and other development permits and the status of
				  construction and permanent financing.
(5) Other Contributions. Points will be
				  awarded based on the percentage of the project replacement cost that is derived
				  from other below-market-rate sources of debt financing and from equity
				  financing.
(6) Project Impacts.
				  Points will be awarded based on the relative extent of housing needs in the
				  county of the proposed project.
(7)
				  Special Needs. Points will be awarded for projects that will serve populations
				  with special housing needs including the homeless, the elderly, persons with
				  disabilities and large families, based on the percentage of units reserved for
				  those households and the types of services to be provided to the
				  households.
(8) Market, Site and
				  Building Characteristics. Points will be awarded based on: the extent of demand
				  documented by the project's market study; if the project helps distribute
				  low-income housing units in the community or is part of a neighborhood
				  revitalization strategy; if the site provides good access to employment,
				  shopping, services and transportation; if there are no incompatible land uses
				  impacting the site; and based on the quality of the site plan and building
				  design.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0300 - HOUSING PRODUCTION PROGRAM › Section 01M .0305 - AGENCY BOARD APPROVAL

Current through Register Vol. 39, No. 2, July 15, 2024
(a) In its
				  evaluation of applications the agency will also analyze the capacity of project
				  owners using the following criteria:
(1)
				  Project owners (organizations and individuals) must provide evidence of
				  sufficient financial capacity to successfully complete and operate the proposed
				  project.
(2) Project owners, who
				  have defaulted on a Federal Housing Administration (FHA) insured, Farmers Home
				  Administration (FmHA) funded, tax-exempt bond funded or federally subsidized
				  project mortgage in the past five years, will be specifically identified in any
				  presentation to the agency board.
(3) Project proposals will be reviewed by
				  staff under alternative operating conditions including, but not limited to,
				  extended lease-up of up to three years, rent concessions of up to 20 percent
				  and higher operating costs per unit based on averages for other projects in
				  service.
(4) Project owners may be
				  requested to provide financial assurances including letters of credit or cash
				  escrows that offset any operating losses that will be sustained by the project
				  owner under alternative operating conditions. Financial assurances will be
				  required of project owners who have defaulted on projects identified in
				  Subparagraph (a)(2) of this Rule.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0300 - HOUSING PRODUCTION PROGRAM › Section 01M .0306 - FUNDING COMMITMENT

Current through Register Vol. 39, No. 2, July 15, 2024
(a) Projects
				  selected for financing shall receive a written conditional commitment of
				  program funds. The commitment will identify all conditions related to the
				  funding award. The agency shall charge a commitment fee not to exceed one
				  percent of the program loan amount.
(b) After written commitments for all other
				  project financing have been obtained, the applicant will receive a firm
				  commitment of program funds. The firm commitment will identify the timeframe
				  for starting and completing the project.
(c) When the agency is unable to approve an
				  application for financing, it will notify the applicant in writing and specify
				  the reason for the denial of funding.
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122E-4;
					 122E-5;
					 122E-8;
Eff.
					 February 1, 1993;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. September 23,
					 2017.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0400 - REHABILITATION INCENTIVE PROGRAM › Section 01M .0401 - GOALS AND OBJECTIVES

Current through Register Vol. 39, No. 2, July 15, 2024
(a) The goal of the
				  Rehabilitation Incentive Program (the "program") is to encourage the
				  rehabilitation of housing occupied by very low-, low- and moderate-income
				  households as defined in
				  G.S.
				  122E-6(a) by providing
				  funding for the energy-related costs associated with comprehensive housing
				  rehabilitation projects.
(b) The
				  objectives of the program are:
(1) To
				  primarily serve very low- and low-income households;
(2) To involve communities that have not
				  participated in previous program funding cycles;
(3) To distribute funds to all areas of the
				  state based on the housing needs of very low-, low- and moderate-income
				  households as defined in Rule .0204(a) of this Subchapter;
(4) To encourage comprehensive rehabilitation
				  of housing currently failing to meet minimum housing code standards;
				  and
(5) To provide assistance to
				  both renters and homeowners.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0400 - REHABILITATION INCENTIVE PROGRAM › Section 01M .0402 - ELIGIBILITY REQUIREMENTS

Current through Register Vol. 39, No. 2, July 15, 2024
(a) The
				  rehabilitation of both owner-occupied and rental housing is eligible under the
				  program. Rehabilitated units must meet or exceed local housing code standards
				  or, if there is no local code, the Housing Quality Standards of the U.S.
				  Department of Housing and Urban Development (HUD). Rehabilitation work must
				  also meet the program's energy efficiency standards.
(b) Program funds may be used for the
				  following costs:
(1) Energy
				  conservation-related rehabilitation, identified in program application
				  documents; and
(2) Program support
				  costs, including staff or consultant costs for writing construction
				  specifications, supervising rehabilitation work and related support
				  costs.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0400 - REHABILITATION INCENTIVE PROGRAM › Section 01M .0403 - THRESHOLD REVIEW CRITERIA

Current through Register Vol. 39, No. 2, July 15, 2024
The agency's evaluation of applications for funding shall
					 consider the following threshold criteria:
(1) The application must be complete and
				  submitted on the proper form by the application deadline;
(2) The project must meet the program
				  eligibility requirements addressing eligible applicants, eligible projects,
				  eligible households, eligible uses of funds and eligible forms of
				  assistance;
(3) The applicant must
				  identify proposed sources and amounts of matching funds, although those funds
				  do not have to be committed at the time of application;
(4) The application must provide evidence of
				  local government support for the project;
(5) The applicant must not be under
				  administrative restrictions from federal, state or local sources barring the
				  applicant's participation in their housing programs.
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122E-4;
					 122E-5;
					 122E-8;
Eff.
					 February 1, 1993;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. September 23,
					 2017.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0400 - REHABILITATION INCENTIVE PROGRAM › Section 01M .0404 - RANKING CRITERIA

Current through Register Vol. 39, No. 2, July 15, 2024
Applications meeting the threshold requirements shall be
					 ranked within their respective areas using a competitive point ranking system.
					 No more than 25 percent of the total points available shall be awarded under
					 any single criterion. The ranking criteria shall include:
(1) Very Low- and Low-Income Benefit. Points
				  shall be awarded based on the percentage of program funds to be used to benefit
				  very low- and low-income households. Between 0 and 20 points will be awarded
				  under this criterion.
(2) Special
				  Needs Targeting. Points shall be awarded based on the percentage of program
				  funds used to serve households with special housing needs, such as the
				  homeless, the elderly, persons with disabilities, and large families. Between 0
				  and 20 points will be awarded under this criterion.
(3) Other Contributions. Points shall be
				  awarded based on the extent to which other public and private funds are used to
				  match program funds. Between 0 and 30 points will be awarded under this
				  criterion.
(4) Needs. Points shall
				  be awarded based on the relative housing needs in the county(ies) to be served
				  with program funds. Between 0 and 15 points will be awarded under this
				  criterion.
(5) Project Location.
				  Points shall be awarded based on the extent to which the city or county has
				  been underserved in previous Trust Fund program funding cycles. Between 0 and
				  25 points will be awarded under this criterion.
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122E-4;
					 122E-5;
					 122E-8;
Eff.
					 February 1, 1993;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. September 23,
					 2017.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0400 - REHABILITATION INCENTIVE PROGRAM › Section 01M .0405 - AGENCY BOARD APPROVAL

Current through Register Vol. 39, No. 2, July 15, 2024
(a) In its
				  evaluation of applications the agency shall also analyze the capacity of
				  applicants using the following criteria:
(1)
				  The experience of the applicant in undertaking similar types of
				  projects;
(2) The performance of
				  the applicant, if applicable, under previous Trust Fund funding
				  cycles;
(3) The capacity of the
				  organization, including adequate operating budget and staffing support, to
				  complete the project;
(4) The
				  experience of the organization in providing affordable housing using its own
				  resources (not federal or state resources).
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter M - NORTH CAROLINA HOUSING TRUST FUND › Section .0400 - REHABILITATION INCENTIVE PROGRAM › Section 01M .0406 - FUNDING COMMITMENT

Current through Register Vol. 39, No. 2, July 15, 2024
(a) Applicants
				  selected for funding will be notified and provided with a program Funding
				  Agreement.
(b) Prior to executing
				  the Funding Agreement the recipient may be required to provide the agency with
				  additional information on the proposed project or to modify the proposed
				  project. After the Funding Agreement has been executed the recipient's grant
				  will be disbursed in 25 percent increments.
(c) When the agency is unable to approve an
				  application for funding, it will notify the applicant in writing and specify
				  the reason for the denial of funding.
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122E-4;
					 122E-5;
					 122E-8;
Eff.
					 November 2, 1992;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. September 23,
					 2017.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter N - HOUSING COUNSELING › Section .0200 - TRAINING FOR REVERSE MORTGAGE COUNSELORS › Section 01N .0201 - EXPIRED - PURPOSE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 53-269;
					 122A-5;
					 122A-5.1;
Eff. July
					 1, 1992;
Expired Eff. October 1, 2017 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter N - HOUSING COUNSELING › Section .0200 - TRAINING FOR REVERSE MORTGAGE COUNSELORS › Section 01N .0202 - STANDARDS FOR COUNSELOR TRAINING

Current through Register Vol. 39, No. 2, July 15, 2024
(a) All
				  borrowers applying for a reverse mortgage must receive counseling from an
				  organization with staff that has completed a training program approved by the
				  agency.
(b) The agency will
				  periodically, but no less than once per year, publish a schedule of training
				  programs that meet the standard for counselor training established in this
				  Rule. The schedule may be obtained from the North Carolina Housing Finance
				  Agency, 3300 Drake Circle, Suite 200, Raleigh, North Carolina 27607 or by
				  calling the agency at (919) 781-6115.
(c) Training programs approved by the agency
				  may be offered by:
(1) The agency
				  directly;
(2) The agency in
				  cooperation with the North Carolina Division of Aging or other state
				  agencies;
(3) The U.S. Department
				  of Housing and Urban Development (HUD); or
(4) A third party contractor approved by the
				  agency.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter N - HOUSING COUNSELING › Section .0200 - TRAINING FOR REVERSE MORTGAGE COUNSELORS › Section 01N .0203 - EXPIRED - NOTIFICATION OF THE COMMISSIONER OF BANKS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 53-269;
					 122A-5;
					 122A-5.1;
Eff. July
					 1, 1992;
Expired Eff. October 1, 2017 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter N - HOUSING COUNSELING › Section .0200 - TRAINING FOR REVERSE MORTGAGE COUNSELORS › Section 01N .0204 - REPEALED - FEES

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 53-269;
					 122A-5;
					 122A-5.1;
Eff. July
					 1, 1992;
Repealed Eff. January 1,
					 2019.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter O - HOMELESSNESS PREVENTION DEMONSTRATION PROGRAM › Section .0100 - GENERAL INFORMATION › Section 01O .0101-.0102

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1; S.L. 1991, c. 582, s.
					 1;
Eff. November 30, 1992;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter O - HOMELESSNESS PREVENTION DEMONSTRATION PROGRAM › Section .0200 - ADMINISTRATION › Section 01O .0201-.0202

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1; S.L. 1991, c. 582, s.
					 1;
Eff. November 30, 1992;
Repealed Eff. November 1,
					 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter O - HOMELESSNESS PREVENTION DEMONSTRATION PROGRAM › Section .0200 - ADMINISTRATION › Section 01O .0203 - EXPIRED - ADMINISTRATION

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1; S.L. 1991, c. 582, s.
					 1;
Eff. November 30, 1992;
Expired Eff. October 1, 2017
					 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter P - FIRE PROTECTION FUND › Section .0100 - GENERAL INFORMATION › Section 01P .0101-.0103

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122A-5.13;
Temporary
					 Adoption Eff. October 1, 1996;
Eff. August 1, 1998;
Repealed Eff. November 1, 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 01 - N.C. HOUSING FINANCE AGENCY › Subchapter P - FIRE PROTECTION FUND › Section .0200 - ADMINISTRATION › Section 01P .0201-.0203

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 122A-5;
					 122A-5.1;
					 122A-5.13;
Temporary
					 Adoption Eff. October 1, 1996;
Eff. August 1, 1998;
Repealed Eff. November 1, 2012.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 02 - NC AGRICULTURAL FINANCE AUTHORITY › Subchapter A - GENERAL PROVISIONS › Section 02A .0101 - OBJECTIVES

Current through Register Vol. 39, No. 2, July 15, 2024
(a) The primary
				objective of the Authority is to provide capital and credit at interest rates
				within the financial means of persons engaged in all aspects of agriculture,
				including agribusiness.
(b) The
				Authority will periodically make loans, either directly or through an
				originating agent, to borrowers from Authority funds available for this
				purpose. These may be direct loans or loans with FmHA guarantee for the
				purposes of farm real estate, farm operating loans, or agricultural business
				loans for providing agricultural services, processing, marketing or exporting
				of products.
Authority
				  G.S.
				  122D-2;
				  122D-6;
				  122D-7;
Temporary
				  Rule Eff. November 18, 1988 For a Period of 180 Days to Expire on May 17,
				  1989;
Eff. April 1, 1989;
Pursuant to
				  G.S.
				  150B-21.3A, rule is necessary without
				  substantive public interest Eff. April 25,
				  2015.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 02 - NC AGRICULTURAL FINANCE AUTHORITY › Subchapter A - GENERAL PROVISIONS › Section 02A .0102 - DEFINITIONS

Current through Register Vol. 39, No. 2, July 15, 2024
The following words and terms, unless their context shall
				  clearly indicate a different definition, shall be defined and mean as
				  follows:
(1) "Applicant" is a person
				applying to the Authority for a loan.
(2) "Agriculture" is defined in
				G.S.
				122D-3(2).
(3) "Agribusiness" means the business of
				processing, marketing, distributing, manufacturing or exporting the products of
				agriculture.
(4) "Agricultural
				Loan" is defined in
				G.S.
				122D-3(1).
(5) "Borrower" means a person to whom the
				Authority or a lender has made a loan who is a person engaged in agriculture or
				agribusiness in the state of North Carolina.
(6) "FmHA" means the United States of
				America, acting through the Farmers' Home Administration of the United States
				Department of Agriculture.
(7)
				"Holder" means a person or lender purchasing all or a portion of a loan from
				the Authority.
(8) "Guaranteed
				Loan" means any loan made by a lender or the Authority which is subject to a
				guarantee of repayment of principal and accrued interest by the FmHA pursuant
				to any guaranteed loan program authorized by the Consolidated Farm and Rural
				Development Act (7 U.S.C. § 1921 et. seq.) and described in various
				subparts of 7 C.F.R. Part 1980.
(9)
				"Loan" means a loan made by the Authority to a borrower or a loan made by a
				lender to any borrower which is purchased by the Authority.
(10) "Members" means the members of the North
				Carolina Agricultural Finance Authority constituted pursuant to North Carolina
				G.S.
				122D-4.
(11) "Note" means a note made by a borrower
				in favor of the Authority or a note made by a borrower in favor of a lender
				purchased by the Authority.
(12)
				"Originating Agent" means an agent acting on behalf of the Authority pursuant
				to an originating agreement.
(13)
				"Originating Agreement" means the one or more agreements by that name between
				the Authority and an originating agent or agents pursuant to which the
				originating agent or agents will originate loans on behalf of the
				Authority.
Authority
				  G.S.
				  122D-3;
				  122D-6;
				  122D-7;
				  122D-10;
Temporary
				  Rule Eff. November 18, 1988 For a Period of 180 Days to Expire on May 17,
				  1989;
Eff. April 1, 1989;
Pursuant to
				  G.S.
				  150B-21.3A, rule is necessary without
				  substantive public interest Eff. April 25,
				  2015.
North Carolina Administrative Code › Title 24 - INDEPENDENT AGENCIES › Chapter 02 - NC AGRICULTURAL FINANCE AUTHORITY › Subchapter A - GENERAL PROVISIONS › Section 02A .0103 - SALE OF LOANS BY AUTHORITY

Current through Register Vol. 39, No. 2, July 15, 2024
The Authority may, for value received, sell all or a portion
				  of any agricultural loan made or purchased by the Authority.
Authority
				  G.S.
				  122D-7;
Temporary Rule Eff.
				  November 18, 1988 For a Period of 180 Days to Expire on May 17,
				  1989;
Eff. April 1, 1989;
Pursuant to
				  G.S.
				  150B-21.3A, rule is necessary without
				  substantive public interest Eff. April 25,
				  2015.