North Carolina § 159D-15 - Construction contracts.
Full text of North Carolina North Carolina General Statutes § 159D-15 — Construction contracts., with citation guidance and answers to common questions.
§ 159D-15. Construction contracts.
The agency 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 approval by the agency as the agency may require in such agreement. Such agreement may provide that the agency 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. History (1977, 2nd Sess., c. 1198, s. 1; 2000-179, s. 2.)
Frequently Asked Questions About North Carolina § 159D-15
What does North Carolina General Statutes § 159D-15 cover?
Section 159D-15 ("Construction contracts.") 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 § 159D-15?
A common citation format is "North Carolina General Statutes § 159D-15" (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 § 159D-15 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.