§ 159-113. Annual report. - North Carolina Statutes

§ 159‑113.  Annualreport.

In July of each year, eachunit of local government with outstanding project development financing debtinstruments shall make a report to any other unit, and to any special districtas defined in G.S. 159‑7, in which the development financing district forwhich the instruments were issued is located. This report shall set out thebase valuation for the development financing district, the current valuationfor the district, the amount of remaining project development financing debtfor the district, and the unit's estimate of when the debt will be retired. Theunit of local government may meet this requirement by reporting thisinformation in its annual financial statements required by G.S. 159‑34. (2003‑403, s. 2.)