§ 115D-38. Authority to issue bonds and notes, to levy taxes and to appropriate nontax revenues. - North Carolina Statutes

§ 115D‑38. Authority to issue bonds and notes, to levy taxes and to appropriate nontaxrevenues.

Counties are authorized to issue bonds and notes and to levy specialtaxes to meet payments of principal and interest on such bonds or notes and tolevy special taxes for the special purpose of providing local financial supportof an institution and otherwise to appropriate nontax revenues for thefinancial support of an institution, in the manner and for the purposesprovided in this Chapter.

Taxes authorized by this section are declared to be for a specialpurpose and may be levied notwithstanding any constitutional limitation orlimitations imposed by any general or special law. (1963, c. 448, s. 23; 1979, c. 462, s. 2.)