North Carolina § 116-44 - 8. Fire Safety Loan Fund.
Full text of North Carolina North Carolina General Statutes § 116-44 — 8. Fire Safety Loan Fund., with citation guidance and answers to common questions.
§ 116-44. 8. Fire Safety Loan Fund.
There is established the Fire Safety Loan Fund. The Fund shall be a revolving loan fund for installing fire safety equipment and systems in fraternity and sorority housing. The Fund shall be administered by the Office of the State Treasurer, and that office may establish the policies and procedures that it deems appropriate for the operation of the Fund. The Office of the State Treasurer may enlist the assistance of other State departments or entities which have expertise that would be useful in administering the Fund, and those State departments or entities shall provide the assistance requested. The Fund shall be operated on a revolving basis with proceeds from the repayment of prior loans being made available for subsequent loans. Loans from the Fund shall be secured by a first or second mortgage or other pledge. Loans shall be made for a period not to exceed 10 years. Interest shall not be charged on loans from the Fund. History (1996, 2nd Ex. Sess., c. 18, s. 16.5(a).) § 116-44.9: Reserved for future codification purposes.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 116-44
What does North Carolina General Statutes § 116-44 cover?
Section 116-44 ("8. Fire Safety Loan Fund.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 116-44?
A common citation format is "North Carolina General Statutes § 116-44" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 116-44 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.