§ 159-136. Issuing unit to make and report debt service payments. - North Carolina Statutes

§ 159‑136.  Issuingunit to make and report debt service payments.

The finance officer of each unit having outstanding bonds or notesshall remit the funds necessary for the payment of maturing installments ofprincipal and interest on the bonds or notes to the fiscal agent or agreed uponplace of payment in sufficient time for the payment thereof, together with theagreed upon fiscal agency fees, and shall at the same time report the paymentto the secretary on forms to be provided by the Commission. (1931, c. 60, s. 27; 1971, c. 780, s. 1.)