State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_159G > GS_159G-42

§ 159G‑42.  Disbursement of loan or grant.

The Department must disburse the proceeds of a loan or grant to arecipient in a series of payments based on the progress of the project forwhich the loan or grant was awarded. To obtain a payment, a loan or grantrecipient must submit a request for payment to the Department and document theexpenditures for which the payment is requested. (2005‑454, s. 3.)