North Carolina General Statutes Chapter 131A Health Care Facilities Finance Act

• N.C. Gen. Stat. § 131A-2.   Legislative findings
  It is hereby declared to be the policy of the State of North Carolina to promote the public health and welfare by providing means...
• N.C. Gen. Stat. § 131A-3.   Definitions
  As used or referred to in this Chapter, the following words and terms shall have the following meanings, unless the context clearly indicates otherwise:...
• N.C. Gen. Stat. § 131A-4.   Additional powers
  The Commission shall have all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this Chapter, including,...
• N.C. Gen. Stat. § 131A-5.   Criteria and requirements
  In undertaking any health care facilities pursuant to this Chapter, the Commission shall be guided by and shall observe the following criteria and requirements;...
• N.C. Gen. Stat. § 131A-6.   Additional powers of public agencies
  For the purposes of this Chapter, public agencies are authorized and empowered to enter into contracts and agreements, including loan agreements and agreements of...
• N.C. Gen. Stat. § 131A-7.   Procedural requirements
  In addition to health care facilities initiated by the Commission, any public or nonprofit agency may submit to the Commission, and the Commission may...
• N.C. Gen. Stat. § 131A-8.   Operation of health care facilities; loan agreements; agreements of sale or lease; conveyance of interest in health care facilities
  All health care facilities shall be operated to serve and benefit the public and there shall be no discrimination against any person based on...
• N.C. Gen. Stat. § 131A-9.   Construction contracts
  Contracts for the construction of any health care facilities on behalf of a public agency shall be awarded by the Commission in accordance with...
• N.C. Gen. Stat. § 131A-10.   Credit of State not pledged
  Bonds or notes issued under the provisions of this Chapter shall not be secured by a pledge of the faith and credit of the...
• N.C. Gen. Stat. § 131A-11.   Bonds and notes
  The Commission is hereby authorized to provide for the issuance, at one time or from time to time, of bonds, or notes in anticipation...
• N.C. Gen. Stat. § 131A-12.   Trust agreement or resolution
  In the discretion of the Commission any bonds or notes issued under the provisions of this Chapter may be secured by a trust agreement...
• N.C. Gen. Stat. § 131A-13.   Revenues; pledges of revenues
  (a) The Commission is hereby authorized to fix and to collect fees, loan repayments, purchase price payments, rents and charges for the use of...
• N.C. Gen. Stat. § 131A-14.   Trust funds
  Notwithstanding any other provisions of law to the contrary, all moneys received pursuant to the authority of this Chapter, including, without limitation, fees, loan...
• N.C. Gen. Stat. § 131A-15.   Remedies
  Any holder of bonds or notes issued under the provisions of this Chapter or any coupons appertaining thereto, and the trustee under any trust...
• N.C. Gen. Stat. § 131A-16.   Negotiable instruments
  All bonds and interest coupons appertaining thereto issued under this Chapter are hereby made investment securities within the meaning of and for all the...
• N.C. Gen. Stat. § 131A-17.   Bonds or notes eligible for investment
  Bonds or notes issued under the provisions of this Chapter are hereby made securities in which all public officers and public bodies of the...
• N.C. Gen. Stat. § 131A-18.   Refunding bonds or notes
  The Commission is hereby authorized to provide for the issuance of refunding bonds or notes for the purpose of refunding any bonds or notes...
• N.C. Gen. Stat. § 131A-19.   Annual report
  The Commission shall, promptly following the close of each fiscal year, submit an annual report of its activities under this Chapter for the preceding...
• N.C. Gen. Stat. § 131A-20.   Officers not liable
  No member or officer of the Commission shall be subject to any personal liability or accountability by reason of his execution of any bonds...
• N.C. Gen. Stat. § 131A-21.   Tax exemption
  The exercise of the powers granted by this Chapter will be in all respects for the benefit of the people of the State and...
• N.C. Gen. Stat. § 131A-22.   Conflict of interest
  If any member, officer or employee of the Commission shall be interested either directly or indirectly, or shall be an officer or employee of...
• N.C. Gen. Stat. § 131A-23.   Additional method
  The foregoing sections of this Chapter shall be deemed to provide an additional and alternative method for the doing of the things authorized thereby...
• N.C. Gen. Stat. § 131A-24.   Liberal construction
  This Chapter, being necessary for the health and welfare of the people of the State, shall be liberally construed to effect the purposes thereof....
• N.C. Gen. Stat. § 131A-25.   Inconsistent laws inapplicable
  Insofar as the provisions of this Chapter are inconsistent with the provisions of any general or special laws, or parts thereof, the provisions of...

Last modified: March 23, 2014