STATE STATUTES & CODES

NORTH CAROLINA STATUTES AND CODES

Chapter 159 - Local Government Finance.

• § 159-1. Short title and definitions.
• § 159-2. Computation of time.
• § 159-3. Local Government Commission established.
• § 159-4. Executive committee; appeal.
• § 159-5. Secretary and staff of the Commission.
• § 159-6. Fees of the Commission.
• § 159-7. Short title; definitions; local acts superseded.
• § 159-8. Annual balanced budget ordinance.
• § 159-9. Budget officer.
• § 159-10. Budget requests.
• § 159-11. Preparation and submission of budget and budget message.
• § 159-12. Filing and publication of the budget; budget hearings.
• § 159-13. The budget ordinance; form, adoption, limitations, tax levy, filing.
• § 159-13.1. Financial plan for intragovernmental service funds.
• § 159-13.2. Project ordinances.
• § 159-14. Trust and agency funds; budgets of special districts.
• § 159-15. Amendments to the budget ordinance.
• § 159-16. Interim budget.
• § 159-17. Ordinance procedures not applicable to budget or project ordinance adoption.
• § 159-17.1. Vending facilities.
• § 159-18. Capital reserve funds.
• § 159-19. Amendments.
• § 159-20. Funding capital reserve funds.
• § 159-21. Investment.
• § 159-22. Withdrawals.
• § 159-23. Reserved for future codification purposes.
• § 159-24. Finance officer.
• § 159-25. Duties of finance officer; dual signatures on checks; internal control procedures subject to Commission regulation.
• § 159-26. Accounting system.
• § 159-27. Distribution of tax collections among funds according to levy.
• § 159-27.1. Use of revenue bond project reimbursements; restrictions.
• § 159-28. Budgetary accounting for appropriations.
• § 159-28.1. Facsimile signatures.
• § 159-29. Fidelity bonds.
• § 159-30. Investment of idle funds.
• § 159-30.1. Trust for other post-employment benefits.
• § 159-30.2. Trust for law enforcement special separation allowance benefits.
• § 159-31. Selection of depository; deposits to be secured.
• § 159-32. Daily deposits.
• § 159-32.1. Electronic payment.
• § 159-33. Semiannual reports on status of deposits and investments.
• § 159-33.1. Semiannual reports of financial information.
• § 159-34. Annual independent audit; rules and regulations.
• § 159-35. Secretary of Local Government Commission to notify units of debt service obligations.
• § 159-36. Failure of local government to levy debt service taxes or provide for payment of debt.
• § 159-37. Reports on status of sinking funds.
• § 159-38. Local units authorized to accept their bonds in payment of certain claims and judgments.
• § 159-39. Special regulations pertaining to public hospitals.
• § 159-40. Special regulations pertaining to nonprofit corporations receiving public funds.
• § 159-41. Special regulations pertaining to joint municipal power agencies.
• § 159-42. Special regulations pertaining to public housing authorities.
• § 159-43. Short title; legislative intent.
• § 159-44. Definitions.
• § 159-45. All general obligation bonds subject to Local Government Bond Act.
• § 159-46. Faith and credit pledged.
• § 159-47. Additional security for utility or public service enterprise bonds.
• § 159-48. For what purposes bonds may be issued.
• § 159-49. When a vote of the people is required.
• § 159-50. Notice of intent to make application for issuance of voted bonds; objection by citizens and taxpayers.
• § 159-51. Application to Commission for approval of bond issue; preliminary conference; acceptance of application.
• § 159-52. Approval of application by Commission.
• § 159-53. Order approving or disapproving an application.
• § 159-54. The bond order.
• § 159-55. Sworn statement of debt; debt limitation.
• § 159-56. Publication of bond order as introduced.
• § 159-56.1. Certain proceedings ratified notwithstanding provisions of § 159-56.
• § 159-57. Hearing; passage of bond order.
• § 159-58. Publication of bond order as adopted.
• § 159-59. Limitation of action to set aside order.
• § 159-60. Petition for referendum on bond issue.
• § 159-61. Bond referenda; majority required; notice of referendum; form of ballot; canvass.
• § 159-62. Limitation on actions contesting validity of bond referenda.
• § 159-63. Repeal of bond orders.
• § 159-64. Within what time bonds may be issued.
• § 159-65. Resolution fixing the details of the bonds.
• § 159-66. Validation of former proceedings and actions.
• § 159-67. Procedures if a county votes to relocate the county seat.
• § 159-68. Certain provisions not applicable to refunding bonds.
• § 159-69. Reserved for future codification purposes.
• § 159-70. Reserved for future codification purposes.
• § 159-71. Reserved for future codification purposes.
• § 159-72. Purposes for which funding and refunding bonds may be issued; when such bonds may be issued.
• § 159-73. Financing or refinancing agreements.
• § 159-74. Test cases testing validity of funding or refunding bonds.
• § 159-75. Judgment validating issue; costs of the action.
• § 159-76. Validation of bonds and notes issued before March 26, 1931.
• § 159-77. Validation of all proceedings in connection with the authorization of bonds taken before April 28, 1975.
• § 159-78. Special obligation refunding bonds.
• § 159-79. Variable rate demand bonds and notes.
• § 159-80. Short title; repeal of local acts.
• § 159-81. Definitions.
• § 159-82. Purpose.
• § 159-83. Powers.
• § 159-84. Authorization of revenue bonds.
• § 159-85. Application to Commission for approval of revenue bond issue; preliminary conference; acceptance of application.
• § 159-86. Approval of application by Commission.
• § 159-87. Order approving or denying the application.
• § 159-88. Adoption of revenue bond order.
• § 159-89. Special covenants.
• § 159-90. Limitations on details of bonds; additional provisions.
• § 159-91. Lien of revenue bonds.
• § 159-92. Status of revenue bonds under Uniform Commercial Code.
• § 159-93. Agreement of the State.
• § 159-94. Limited liability.
• § 159-95. Approval of State agencies.
• § 159-96. Limitation on extraterritorial operation of enterprises financed by revenue bonds.
• § 159-97. Taxes for supplementing revenue bond projects.
• § 159-98. Reserved for future codification purposes.
• § 159-99. Definition; terms and conditions.
• § 159-100. Authorization.
• § 159-101. Short title.
• § 159-102. Unit of local government defined.
• § 159-103. Authorization of project development financing debt instruments; purposes.
• § 159-104. Application to Commission for approval of project development financing debt instrument issue; preliminary conference; acceptance of application.
• § 159-105. Approval of application by Commission.
• § 159-106. Order approving or denying the application.
• § 159-107. Determination of incremental valuation; use of taxes levied on incremental valuation; duration of the district.
• § 159-108. Agreements with property owners.
• § 159-109. Special covenants.
• § 159-110. Security of project development financing debt instruments.
• § 159-111. Additional security for project development financing debt instruments.
• § 159-112. Limitations on details of debt instruments.
• § 159-113. Annual report.
• § 159-114: Reserved for future codification purposes.
• §§ 159-115 through 159-119: Reserved for future codification purposes.
• § 159-120. Definitions.
• § 159-121. Coupon or registered bonds to be issued.
• § 159-122. Maturities of bonds.
• § 159-123. Sale of bonds by sealed bids; private sales.
• § 159-124. Date of sale; notice of sale and blank proposal.
• § 159-125. Bid instructions; bid deposit.
• § 159-126. Rejection of bids.
• § 159-127. Award of bonds.
• § 159-128. Makeup and formal execution of bonds; temporary bonds.
• § 159-129. Obligations of units certified by Commission.
• § 159-130. Record of issues kept.
• § 159-131. Contract for services to be approved by Commission.
• § 159-132. State Treasurer to deliver bonds and remit proceeds.
• § 159-133. Suit to enforce contract of sale.
• § 159-134. Fiscal agents.
• § 159-135. Application of proceeds.
• § 159-136. Issuing unit to make and report debt service payments.
• § 159-137. Lost, stolen, defaced, or destroyed bonds or notes.
• § 159-138. Cancellation of bonds and notes.
• § 159-139. Destruction of cancelled bonds, notes, and coupons.
• § 159-140. Bonds or notes eligible for investment.
• § 159-141. Terms and conditions of sale.
• §§ 159-142 through 159-147. Reserved for future codification purposes.
• § 159-148. Contracts subject to Article; exceptions.
• § 159-149. Application to Local Government Commission for approval of contract.
• § 159-150. Sworn statement of debt; debt limitation.
• § 159-151. Approval of application by Commission.
• § 159-152. Order approving or denying the application.
• § 159-153. Approval of other financing arrangements.
• §§ 159-154 through 159-159. Reserved for future codification purposes.
• § 159-160. Definitions.
• § 159-161. Bond anticipation notes.
• § 159-162. Security of general obligation bond anticipation notes.
• § 159-163. Security of revenue bond anticipation notes.
• § 159-163.1. Security of project development financing debt instrument anticipation notes.
• § 159-164. Form of notes to be issued.
• § 159-165. Sale and delivery of bond anticipation notes.
• §§ 159-166 through 159-167. Reserved for future codification purposes.
• § 159-168. "Unit" defined.
• § 159-169. Tax anticipation notes.
• § 159-170. Revenue anticipation notes.
• § 159-171. Grant anticipation notes.
• § 159-172. Authorization and issuance of notes.
• §§ 159-173 through 159-175. Reserved for future codification purposes.
• § 159-176. Commission to aid defaulting units in developing refinancing plans.
• § 159-177. Power to require reports and approve budgets.
• § 159-178. Duration of Commission's powers.
• §§ 159-179 through 159-180. Reserved for future codification purposes.
• § 159-181. Enforcement of Chapter.
• § 159-182. Offending officers and employees removed from office.
• §§ 159-183 through 159-187. Reserved for future codification purposes.
• § 159-188. Borrowing authority.
• §§ 159-189 through 159-192: Reserved for future codification purposes. (2003-388, s. 4.)
• § 159-193. Definitions.
• § 159-194. Swap agreements.
• § 159-195. Nature of duties of a governmental unit under a swap agreement.
• § 159-196. Approval by Commission.
• § 159-197. Additional method.
• § 159-198. Severability.
• § 159-199. Validation of preexisting swap agreements.
• § 159-200. Liberal construction.
• §§ 159-201 through 159-209: Reserved for future codification purposes.
• § 159-210. Borrowing authority.

Tips