§ 122E-2. Definitions. - North Carolina Statutes

§122E‑2.  Definitions.

As used in this Chapter:

(1)        The term"substandard unit" means a housing unit which, by reason ofdilapidation, deterioration, age or obsolescence, inadequate provision forventilation, light, air, sanitation, or open spaces, high density of populationand overcrowding, unsanitary or unsafe conditions, or the existence ofconditions which endanger life or property by fire and other causes, or anycombination of such factors, is conducive to ill health, transmission ofdisease, or has an adverse effect upon the public health, safety, morals orwelfare of its inhabitants.

(2)        The term"Partnership" means the North Carolina Housing Partnership.

(3)        The term"Agency" means the North Carolina Housing Finance agency.

(4)        The term"Fund" means the North Carolina Housing Trust Fund.

(5)        The term"Treasurer" means the North Carolina State Treasurer.

(6)        The term"affordable housing unit" means a unit for which an occupant ispaying no more than thirty percent (30%) of gross monthly household income forrent and utilities.

(7)        The term"Stripper Well Litigation Funds" means funds received by NorthCarolina, and all interest and other income generated by such funds, pursuantto the Settlement Agreement that was approved by Order of the Court, dated July7, 1986, in In re: The Department of Energy Stripper Well Exemption LitigationM.D.L. No. 378 (D. Kan.).

(8)        The term"Diamond Shamrock Litigation Funds" means funds received by NorthCarolina, and all interest and other income generated by such funds, pursuantto the Order of the Court, dated June 6, 1986, in Diamond Shamrock Refining andMarketing Co. v. Standard Oil Co., Civil Action No. C2‑84‑1432(S.D. Ohio). (1987, c. 841, s. 1.)