North Carolina General Statutes 122E-2. Definitions
As used in this Chapter:
(1) The term “substandard unit” means a housing unit which, by reason of dilapidation, deterioration, age or obsolescence, inadequate provision for ventilation, light, air, sanitation, or open spaces, high density of population and overcrowding, unsanitary or unsafe conditions, or the existence of conditions which endanger life or property by fire and other causes, or any combination of such factors, is conducive to ill health, transmission of disease, or has an adverse effect upon the public health, safety, morals or welfare of its inhabitants.
Terms Used In North Carolina General Statutes 122E-2
- Agency: means the North Carolina Housing Finance agency. See North Carolina General Statutes 122E-2
- Fund: means the North Carolina Housing Trust Fund. See North Carolina General Statutes 122E-2
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
- Treasurer: means the North Carolina State Treasurer. See North Carolina General Statutes 122E-2
(2) The term “Partnership” means the North Carolina Housing Partnership.
(3) The term “Agency” means the North Carolina Housing Finance agency.
(4) The term “Fund” means the North Carolina Housing Trust Fund.
(5) The term “Treasurer” means the North Carolina State Treasurer.
(6) The term “affordable housing unit” means a unit for which an occupant is paying no more than thirty percent (30%) of gross monthly household income for rent and utilities.
(7) The term “Stripper Well Litigation Funds” means funds received by North Carolina, and all interest and other income generated by such funds, pursuant to the Settlement Agreement that was approved by Order of the Court, dated July 7, 1986, in In re: The Department of Energy Stripper Well Exemption Litigation M.D.L. No. 378 (D. Kan.).
(8) The term “Diamond Shamrock Litigation Funds” means funds received by North Carolina, and all interest and other income generated by such funds, pursuant to the Order of the Court, dated June 6, 1986, in Diamond Shamrock Refining and Marketing Co. v. Standard Oil Co., Civil Action No. C2-84-1432 (S.D. Ohio). (1987, c. 841, s. 1.)