State Codes and Statutes
Statutes > North-carolina > Chapter_159D > GS_159D-4_1§ 159D‑4.1. Jurisdiction of the agency.
All actions taken by counties, local officials, the Secretary of State,the State Treasurer, and other interested parties to create and organize TheNorth Carolina Industrial Facilities and Pollution Control Financing Authorityare ratified and confirmed. All duties, powers, jurisdiction, andresponsibilities vested by statute or by contract in the authority aretransferred to and vested in the North Carolina Capital Facilities FinanceAgency, subject to the provisions of this Article. Upon this transfer, theagency is responsible for all duties and obligations of the authority enteredinto or incurred, by contract or otherwise, before the transfer. Particularly,the agency is responsible for all matters relating to any outstanding bonds ofthe authority to the same extent that the authority was responsible for thembefore the date of transfer. The agency for all purposes assumes the role andis the legal successor of the authority. Upon this transfer, the authority isdissolved. (2000‑179, s.2.)
