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North Carolina General Statutes Chapter 159C. Industrial and Pollution Control Facilities Financing Act § 159C-15. Construction contracts

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The authority may agree with the prospective operator that all contracts relating to the acquisition, construction, installation and equipping of a project shall be solicited, negotiated, awarded and executed by the prospective operator and its agents subject only to such approvals by the authority as the authority may require in such agreement.  Such agreement may provide that the authority may, out of the proceeds of bonds, make advances to or reimburse the operator for all or a portion of its costs incurred in connection with such contracts.

1. In addition to his or her other duties, the Director of the Office of Finance is ex officio Clerk of the State Board of Examiners.  Except as otherwise provided in subsection 4 of NRS 41.036, the Director shall:

(a) Assist the State Board of Examiners in the examination and classification of all the claims required to be presented to the Board pursuant to NRS 353.090.

(b) Conduct a postaudit of claims that have been presented to the Board in the manner prescribed in the regulations adopted pursuant to NRS 353.090.

(c) Approve, on behalf of and when authorized by the Board, claims against the State not required to be passed upon by the Legislature.

(d) Each calendar quarter, provide to the Board a report of his or her determinations regarding any claims, refunds or other payments the Board has authorized the Director to approve on its behalf.

2. The rules of procedure governing the duties of the Director pursuant to this section must be adopted by the State Board of Examiners.

3. The Director may delegate these duties to the Deputy Director of the Office of Finance.

Cite this article: FindLaw.com - North Carolina General Statutes Chapter 159C. Industrial and Pollution Control Facilities Financing Act § 159C-15. Construction contracts - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-159c-industrial-and-pollution-control-facilities-financing-act/nc-gen-st-sect-159c-15.html


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