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N.C. Gen. Stat. § 159-82

Purpose

North Carolina · North Carolina General Statutes Chapter 159 — Chapter 159. · Status: effective

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N.C. Gen. Stat. § 159-82, Purpose, North Carolina, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1333129
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Purpose. The purpose of this Article is to establish a standard, uniform procedure for the financing by a municipality of revenue bond projects through the issuance of revenue bonds. Its provisions are intended to vest authority in and enable municipalities to secure and pay revenue bonds and the interest thereon solely out of revenues without pledging the faith and credit of the municipality. (1971, c. 780, s. 1; 1973, c. 494, s. 16.)