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Code · North Carolina · Chapter 116D — Higher Education Bonds

§ 116D-10. Faith and credit.

61 words·~1 min read·/nc/chapter-116d/116d-10

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§ 116D-10. Faith and credit.
The faith and credit and taxing power of the State are hereby pledged for the payment of the principal of and the interest on bonds and notes. The State retains the right to amend any provision of this Article to the extent it does not impair any contractual right of a bond owner. (2000-3, s. 1.2.)
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