There is a newer version of the North Carolina General Statutes
2005 North Carolina Code - General Statutes § 159G-42. Disbursement of loan or grant.
§ 159G‑42. Disbursement of loan or grant.
The Department must disburse the proceeds of a loan or grant to a recipient in a series of payments based on the progress of the project for which the loan or grant was awarded. To obtain a payment, a loan or grant recipient must submit a request for payment to the Department and document the expenditures for which the payment is requested. (2005‑454, s. 3.)
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