North Carolina General Statutes 122E-3. North Carolina Housing Trust Fund
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Terms Used In North Carolina General Statutes 122E-3
- Agency: means the North Carolina Housing Finance agency. See North Carolina General Statutes 122E-2
- Fund: means the North Carolina Housing Trust Fund. See North Carolina General Statutes 122E-2
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
- Treasurer: means the North Carolina State Treasurer. See North Carolina General Statutes 122E-2
- Trustee: A person or institution holding and administering property in trust.
(a) There is established a North Carolina Housing Trust Fund, separate and distinct from the General Fund.
(b) The Fund shall consist of monies received under this act and any other sources of revenue, public or private, dedicated for inclusion in the Fund.
(c) The State Treasurer shall serve as trustee for the Fund. The Treasurer shall invest the North Carolina Housing Trust Fund revenues he receives as provided in N.C. Gen. Stat. § 147-69.2(b). The Treasurer shall provide the Agency with quarterly and annual reports of Fund revenues and interest earnings. (1987, c. 841, s. 1.)