North Carolina General Statutes § 143B-472.106 Small Business Surety Bond Fund

(a)        Creation and Use. - The Small Business Surety Bond Fund is created as a special revenue fund. Revenue in the Fund does not revert at the end of a fiscal year, and interest and other investment income earned by the Fund accrues to the Fund. The Authority shall use the Fund for the purposes of and to pay the expenses of the Authority related to providing bonding assistance.

(b)        Content. - The Small Business Surety Bond Fund consists of all of the following revenue:

(1)        Funds appropriated to the Fund by the State.

(2)        Premiums, fees, and any other amounts received by the Authority with respect to bonding assistance provided by the Authority.

(3)        Proceeds designated by the Authority from the sale, lease, or other disposition of property or contracts held or acquired by the Authority.

(4)        Investment income of the Fund.

(5)        Any other moneys made available to the Fund. (2007-441, s. 1.)

Sections:  Previous  143B-472.81  143B-472.100  143B-472.101  143B-472.102  143B-472.103  143B-472.104  143B-472.105  143B-472.106  143B-472.107  143B-472.108  143B-472.109  143B-472.110  143B-472.111  143B-472.112  143B-472.121 through 143B-472.123  Next

Last modified: March 23, 2014