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Laws of North Carolina (Last Updated: May 12, 2015) |
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Chapter159I. Solid Waste Management Loan Program and Local Government Special Obligation Bonds. |
§159I-8. Eligible purpose
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(a) Loans may be made by the Board to finance the cost of acquisition or construction of projects. Projects shall include solid waste management projects and capital expenditures to implement such projects, including, without limitation, the purchase of equipment or facilities, construction costs of an incinerator; land to be used for recycling facilities or landfills; leachate collection and treatment systems; liners for landfills; monitoring wells; recycling equipment and facilities; volume reduction equipment; and financing charges.
(b) Projects may not include:
(1) The operational and maintenance costs of solid waste management facilities or programs;
(2) General planning or feasibility studies; or
(3) The purchase of land, unless the land is to be used for a recycling facility or a landfill.