PUBLISHED

N.C.G.S. § 159G-42

Disbursement of loan or grant.

Effective date: 2026-08-09
Last verified: 2026-08-09
Source: official source
Revision history: view all versions

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.)