§ 111-26. Termination of federal aid. - North Carolina Statutes

§ 111‑26. Termination of federal aid.

If for any reason there should be a termination of federal aid asanticipated in this Article, then and in that event this Article shall be ipsofacto repealed and rendered null and void: Provided, however, such repeal shallnot become effective or be in force unless and until the Governor of the Stateof North Carolina has issued a proclamation duly attested by the Secretary ofthe State of North Carolina to the effect that there has been a termination ofsuch federal aid. In the event that this Article should be ipso facto repealedas herein provided, the State funds on hand shall be converted into the generalfund of the State for such use as may be authorized by the Director of theBudget, and the county funds accumulated by the provisions of this Article inthe respective counties of the State shall be converted into the general fundof such counties for such use as may be authorized by the county commissioners.(1937, c. 124, s. 15 1/2.)