A bond placement is the process of selling a new bond issue often to an intitutional investor. For a company in need of financing, this a typical transaction arranged through an investment banker.
North Carolina Bond placement agreement
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A) The judicial official in granting pretrial release must either: (1) release the defendant on his or her written promise to appear; (2) release the defendant upon his or her execution of an unsecured appearance bond in an amount specified by the judicial official; (3) place the defendant in the custody of a ...
Apply Today! They have become a regular requirement in most businesses across North Carolina. The popularity of surety bonds arises from their usefulness in guaranteeing the services offered by many businesses. In fact, most service providers licensed by the state are required to be bonded.
§ 159-148. (2) Obligates the unit to pay sums of money to another, without regard to whether the payee is a party to the contract. (3) Obligates the unit over the full term of the contract, including periods that may be added to the original term through the exercise of options to renew or extend: a.
§ 159-15. Amendments to the budget ordinance. Except as otherwise restricted by law, the governing board may amend the budget ordinance at any time after the ordinance's adoption in any manner, so long as the ordinance, as amended, continues to satisfy the requirements of G.S. 159-8 and 159-13.
§ 159-8. Annual balanced budget ordinance. (a) Each local government and public authority shall operate under an annual balanced budget ordinance adopted and administered in ance with this Article.
Effective as of January 1, 2023, the governing board of a local government or public authority subject to G.S. 159-29(a) must fix the amount of a finance officer's faithful performance bond to equal or exceed the greater of (1) $50,000, or (2) an amount equal to 10 percent of the unit or authority's ?annually budgeted ...
Cash of several funds may be combined for deposit or investment if not otherwise prohibited by law; and when such joint deposits or investments are made, interest earned shall be prorated and credited to the various funds on the basis of the amounts thereof invested, figured ing to an average periodic balance or ...
Under the terms of a bond, one party becomes answerable to a third party for the acts or non-performance of a second party. Under modern suretyship, an insurer's promise of performance is available to meet a wide variety of business, governmental and individual needs.