§ 131A-1 Short title
§ 131A-2 Legislative findings
§ 131A-3 Definitions
§ 131A-4 Additional powers
§ 131A-5 Criteria and requirements
§ 131A-6 Additional powers of public agencies
§ 131A-7 Procedural requirements
§ 131A-8 Operation of health care facilities; loan agreements; agreements of sale or lease; conveyance of interest in health care facilities
§ 131A-9 Construction contracts
§ 131A-10 Credit of State not pledged
§ 131A-11 Bonds and notes
§ 131A-12 Trust agreement or resolution
§ 131A-13 Revenues; pledges of revenues
§ 131A-14 Trust funds
§ 131A-15 Remedies
§ 131A-16 Negotiable instruments
§ 131A-17 Bonds or notes eligible for investment
§ 131A-18 Refunding bonds or notes
§ 131A-19 Annual report
§ 131A-20 Officers not liable
§ 131A-21 Tax exemption
§ 131A-22 Conflict of interest
§ 131A-23 Additional method
§ 131A-24 Liberal construction
§ 131A-25 Inconsistent laws inapplicable

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Terms Used In North Carolina General Statutes > Chapter 131A > Article 1 - Health Care Facilities Finance Act

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Life estate: A property interest limited in duration to the life of the individual holding the interest (life tenant).
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • 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.
  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • 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
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • United States: shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3