The following definitions apply in this Article:

(1)        Bonds. – Bonds authorized to be issued under this Article, including refunding bonds.

(2)        Community college. – Defined in N.C. Gen. Stat. § 115D-2

(3)        Community college general obligation bonds. – Bonds authorized to be issued under this Article, including refunding bonds.

(4)        Community Colleges System Office. – The North Carolina Community Colleges System Office, created by Article 1 of Chapter 115D of the N.C. Gen. Stat., or if the Community Colleges System Office is abolished or otherwise divested of its functions under this Article, the public body succeeding it in its principal functions, or upon which are conferred by law the rights, powers, and duties given by this Article to the Community Colleges System Office.

(5)        Notes. – Notes issued under this Article. (2000-3, s. 1.2.)

Terms Used In North Carolina General Statutes 116D-42

  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.