N.C. Gen. Stat. § 159C-15
Construction contracts
North Carolina · North Carolina General Statutes Chapter 159C — Chapter 159C. · Status: effective
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- N.C. Gen. Stat. § 159C-15, Construction contracts, North Carolina, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1333293
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Full text
Construction contracts. The authority may agree with the prospective operator that all contracts relating to the acquisition, construction, installation and equipping of a project shall be solicited, negotiated, awarded and executed by the prospective operator and its agents subject only to such approvals by the authority as the authority may require in such agreement. Such agreement may provide that the authority may, out of the proceeds of bonds, make advances to or reimburse the operator for all or a portion of its costs incurred in connection with such contracts. (1975, c. 800, s. 1; 1977, c. 719, s. 6.)