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Form a Business

Disbursement of loan or grant.

G.S. 159G-42
in effect
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§ 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.)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_159G/GS_159G-42.htmlFetched: 10/19/2026

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