§ 131A-6. Additional powers of public agencies. - North Carolina Statutes

§ 131A‑6.  Additionalpowers of public agencies.

For the purposes of thisChapter, public agencies are authorized and empowered to enter into contractsand agreements, including loan agreements and agreements of sale or lease, withthe Commission to facilitate the financing or refinancing, acquiring,constructing, equipping, providing, operating and maintaining of health carefacilities and pursuant to any such loan agreement or agreement of sale orlease to operate, repair and maintain any health care facilities and, subjectto the provisions of G.S. 131A‑8, to pay the cost thereof and the loanrepayments, purchase price payments or rent therefor from any funds availablefor such purposes. In addition, public agencies may mortgage, pledge, assign,grant a security interest in, or otherwise encumber a health care facility,whether owned or leased, to secure obligations under a loan agreement orsimilar debt instrument in connection with the issuance of bonds or notes bythe Commission under this Chapter. Property subject to a mortgage, deed oftrust, security interest, or similar lien pursuant to this section may be soldat foreclosure in any manner permitted by the instrument creating theencumbrance, without compliance with any other provision of law regarding thedisposition of publicly owned property. The granting of a lien on, or securityinterest in, a health care facility and the conveyance of this propertypursuant to the provisions of the lien or security interest are not subject tothe provisions of G.S. 131E‑8, 131E‑13, or 131E‑14. (1975, c. 766, s. 1; 1979, c.54, s. 8; 2005‑238, s. 14.)