Section .0100 ‑ General Description

Link to law: http://reports.oah.state.nc.us/ncac/title 04 - commerce/chapter 01 - departmental rules/subchapter h/04 ncac 01h .0101.html
Published: 2015

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
SUBCHAPTER 1H ‑ PRIVATE ACTIVITY BOND VOLUME CAPACITY

PROGRAM

 

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.