State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_90 > GS_90-85_11A

§ 90‑85.11A.  Acquisition of real property;equipment; liability insurance.

(a)        The Board shall have the power to acquire, hold, rent,encumber, alienate, and otherwise deal with real property in the same manner asa private person or corporation, subject only to approval of the Governor andthe Council of State. Collateral pledged by the Board for an encumbrance islimited to the assets, income, and revenues of the Board.

(b)        The Board may purchase, rent, or lease equipment andsupplies and purchase liability insurance or other insurance to cover theactivities of the Board, its operations, or its employees. (2001‑407, s. 1.)