There is a newer version of the North Carolina General Statutes
2010 North Carolina Code
Chapter 116D Higher Education Bonds.
Article 2 - General Obligation Bonds for Financing Capital Facilities for The University of North Carolina.
116D-10. Faith and credit.
NC Gen Stat § 116D-10 What's This?
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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