North Carolina § 131A-35 - Award of loans; terms.
Full text of North Carolina North Carolina General Statutes § 131A-35 — Award of loans; terms., with citation guidance and answers to common questions.
§ 131A-35. Award of loans; terms.
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. Interest Rate and Maturity. - The interest rate payable on and the maximum maturity of a loan are subject to the following limitations: 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. Maturity. - The maturity for a loan may not exceed 20 years. 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. History (2019-240, s. 27.2.) Editor's Note. - Session Laws 2019-240, s. 28, made this Article effective November 6, 2019.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 131A-35
What does North Carolina General Statutes § 131A-35 cover?
Section 131A-35 ("Award of loans; terms.") 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 § 131A-35?
A common citation format is "North Carolina General Statutes § 131A-35" (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 § 131A-35 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.