Skip to main content
Find a Lawyer

North Carolina General Statutes Chapter 131A. Health Care Facilities Finance Act § 131A-35. Award of loans; terms

Current as of January 01, 2023 | Updated by Findlaw Staff

(a) Award.--Upon approval of the loan by the Commission, UNC Health Care shall execute the terms of the loan agreement. In adopting terms of the loan agreement, UNC Health Care may require changes to the governance structure of the eligible hospital.

(b) Interest Rate and Maturity.--The interest rate payable on and the maximum maturity of a loan are subject to the following limitations:

(1) Interest rate.--The interest rate for a loan may not exceed the interest rate obtained by the State on its most recent general obligation bond offering.

(2) Maturity.--The maturity for a loan may not exceed 20 years.

(c) Debt Instrument.--UNC Health Care shall execute a debt instrument with the recipient of the loan to evidence the obligation to repay the principal of and interest on the loan awarded under this Article to the State.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - North Carolina General Statutes Chapter 131A. Health Care Facilities Finance Act § 131A-35. Award of loans; terms - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-131a-health-care-facilities-finance-act/nc-gen-st-sect-131a-35/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard