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Code · North Carolina · Chapter 122E — North Carolina Housing Trust and Oil Overcharge Act

§ 122E-3. North Carolina Housing Trust Fund.

101 words·~1 min read·/nc/chapter-122e/122e-3

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§ 122E-3. North Carolina Housing Trust Fund.
(a)There is established a North Carolina Housing Trust Fund, separate and distinct from the General Fund.
(b)The Fund shall consist of monies received under this act and any other sources of revenue, public or private, dedicated for inclusion in the Fund.
(c)The State Treasurer shall serve as trustee for the Fund. The Treasurer shall invest the North Carolina Housing Trust Fund revenues he receives as provided in G.S. 147-69.2(b). The Treasurer shall provide the Agency with quarterly and annual reports of Fund revenues and interest earnings. (1987, c. 841, s. 1.)
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