§ 116-175 Definitions
§ 116-176 Issuance of bonds
§ 116-177 Revenues for payment of bonds; rules for use of facilities
§ 116-178 Trust agreement
§ 116-179 Sale of bonds; functions performed by executive committee
§ 116-180 Moneys received deemed trust funds
§ 116-181 Remedies
§ 116-182 Refunding bonds
§ 116-183 Acceptance of grants; exemption from taxation
§ 116-184 Article cumulative
§ 116-185 Inconsistent laws declared inapplicable

Terms Used In North Carolina General Statutes > Chapter 116 > Article 19 - Revenue Bonds for Student Housing

  • Board: shall mean the Board of Governors of the University of North Carolina. See North Carolina General Statutes 116-175
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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
  • institution: shall mean each of the institutions enumerated in N. See North Carolina General Statutes 116-175
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • project: shall mean and shall include any one or more buildings for student housing of any size or type approved by the Board of Governors of the University of North Carolina, and the Director of the Budget, and any enlargements or improvements thereof or additions thereto, so approved for the housing of students at either institution, together with the necessary land and equipment. See North Carolina General Statutes 116-175
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • 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
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.