Whenever any corporation organized hereunder desires to secure a grant or loan from any agency of the United States government now in existence or hereafter authorized, they shall apply through the North Carolina Rural Electrification Authority and not direct to the United States agency, and the said North Carolina Rural Electrification Authority alone shall have the authority to make applications for grants or loans to any corporations created hereunder.
N.C. Gen. Stat. § 117-26
Application for grant or loan from governmental agency
Known as the Electric Membership Corporation Act
The act spans §§ 117-10 to 117-9 (26 sections).
Applied in 1 court decision — leading case 108 N.C. App. 711 - North Carolina Electric Membership Corp. v. North Carolina Department of Economic & Community Development (1993)
Most recently applied in 108 N.C. App. 711 - North Carolina Electric Membership Corp. v. North Carolina Department of Economic & Community Development (February 1993)
1935, c. 291, s. 21.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.