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<br />General Assembly of North Carolina
<br />Session 2009
<br />i~
<br />4. Demolishing, relocating, improving= rg_ading, draining,
<br />landscaping paving, widening, and resurfacing.
<br />b. The costs of all property, both real and personal and both improved
<br />and unimproved, and of plants, works, appurtenances, structures,
<br />facilities, furnishings, machiner~quipment, vehicles, easements,
<br />water rights air rights, franchises, and licenses used or useful in
<br />connection with the project.
<br />c. The costs of demolishing or moving structures from land acquired
<br />and acquiring land to which the structures are to be moved.
<br />d. Financing charges, including estimated interest durin tg h~acquisition
<br />or construction of a project and for one year thereafter.
<br />e. The costs of services to provide plans, specifications, studies, reports,
<br />surveys, and estimates of costs and revenues.
<br />f. The costs of paying_ any interim financing, including_principal,
<br />interest, and premium, related to the acquisition or construction of
<br />the project.
<br />& Administrative and le ag 1 expenses and administrative charges.
<br />h. The costs of obtaining bond and reserve fund insurance and
<br />investment contracts, of credit-enhancement facilities, liquidity
<br />facilities, and interest-rate agreements, and of establishing and
<br />maintaining debt service and other reserves.
<br />i. Any other services, costs, and expenses necessary or incidental to the
<br />rp o~ect.
<br />Credit facility. - An agreement with a banking institution, an insurance
<br />institution, an investment institution, or other financial institution located
<br />inside or outside the United States of America that provides for Qrompt
<br />payment, whether at maturitypresentment, or tender for purchase,
<br />redemption, or acceleration, of part or all of the principal or purchase price,
<br />redemption premium, if any, and interest on a bond or note issued by the
<br />Trust and for re~ayment of the institution.
<br />Local Government Commission. -The Local Government Commission of
<br />the Department of State Treasurer, established by Article 2 of Chapter 159
<br />of the General Statutes.
<br />Notes. -Revenue notes or revenue bond anticipation notes issued by the
<br />Trust under this Article.
<br />Par formula. - A provision or formula to make periodic adjustments in the
<br />interest rate of a bond or note, including:
<br />a. Aprovision for an adjustment to keep the purchase price of the bond
<br />or note in the open market as close to par as possible.
<br />b. A provision for an adjustment based on one or more percents eg s of a
<br />prime rate or base rate that may vary or appl~pecified periods of
<br />time.
<br />c. Any other provision that does not materially and adversely affect the
<br />financial position of the Trust and the marketing of the bonds or
<br />notes at a reasonable interest cost to the Trust.
<br />Person. - Andperson, corporation, partnership, association, trust, or other
<br />le -- a~ty.
<br />Revenues. -Rents, fees, charges, payments, proceeds, or other income or
<br />profit derived from the hydroelectric project or from any pledge of nontax
<br />revenues, appropriation, or payment made by the State or a county in which
<br />the hydroelectric project is located.
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<br />Attachment number 3
<br />5967 ~FaO of 320
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