SUBCHAPTER 1H ‑ PRIVATE ACTIVITY BOND VOLUME CAPACITY
SECTION .0100 ‑ GENERAL DESCRIPTION
04 NCAC 01H .0101 BACKGROUND
The rules of this Subchapter apply to the administration of
the Private Activity Bond Volume Capacity Program. Made necessary by Federal
legislation, this program will relate to a type of financing now defined and
controlled as "private activity" bonds. Executive Order No. 37,
issued by Governor James G. Martin on March 17, 1987 is a response to federal
mandates. It is hereby referenced and incorporated herein as if fully set out
in this Paragraph.
History Note: Authority G.S. 143B‑429; 143B‑430;
Ch. 588 (1987 Session Law);
Eff. December 1, 1987.