North Carolina General Statutes 116D-7. Definitions
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The following definitions apply in this Article:
(1) Bonds. – Bonds authorized to be issued under this Article, including refunding bonds.
Terms Used In North Carolina General Statutes 116D-7
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2) Notes. – Notes issued under this Article.
(3) University improvement general obligation bonds. – Bonds authorized to be issued under this Article, including refunding bonds. (2000-3, s. 1.2.)