§ 116D-21. Purpose. - North Carolina Statutes

Article 3.

Special Obligation Bonds for Improvements to theFacilities of The University of North Carolina.

§ 116D‑21.  Purpose.

The purpose of this Article is to authorize the Board of Governors ofThe University of North Carolina to issue special obligation bonds, payablefrom obligated resources, but with no pledge of taxes or the faith and creditof the State or any agency or political subdivision of the State, to pay thecost, in whole or in part, of improvements to the facilities of the University.(2000‑3, s. 1.2.)