§ 160A-505.1. Commission budgeting and accounting systems as a part of municipality budgeting and accounting systems. - North Carolina Statutes

§ 160A‑505.1. Commission budgeting and accounting systems as a part of municipality budgetingand accounting systems.

The governing body of a municipality may by resolution provide that thebudgeting and accounting systems of the municipality's redevelopment commissionor, if the municipality's housing authority is exercising the powers, duties,and responsibilities of a redevelopment commission, the budgeting andaccounting systems of the housing authority, shall be an integral part of thebudgeting and accounting systems of the municipality. If such a resolution isadopted:

(1)        For purposes of the Local Government Budget and FiscalControl  Act, the commission or authority shall not be considered a"public authority," as that phrase is defined in G.S. 159‑7(b),but rather shall be considered a department or agency of the municipality. Theoperations of the commission or authority shall be budgeted and accounted foras if the operations were those of a public enterprise of the municipality.

(2)        The budget of the commission or authority shall be preparedand submitted in the same manner and according to the same procedures as arethe budgets of other departments and agencies of the municipality; and thebudget ordinance of the municipality shall provide for the operations of thecommission or authority.

(3)        The budget officer and finance officer of the municipalityshall administer and control that portion of the municipality's budgetordinance relating to the operations of the commission or authority. (1971, c. 780, s. 37.2; 1973, c. 474, s. 30.)