§ 160A-642. Funds. - North Carolina Statutes

§ 160A‑642.  Funds.

The establishment and operation of an Authority are governmentalfunctions and constitute a public purpose, and the State of North Carolina andany unit of local government may appropriate funds to support the establishmentand operation of the Authority. The State of North Carolina and any unit oflocal government may also dedicate, sell, convey, donate, or lease any of theirinterests in any property to the Authority. An Authority may apply for grantsfrom the State of North Carolina, or from the United States or any department,agency, or instrumentality thereof. The Department of Transportation mayallocate to an Authority any funds appropriated for transportation, or anyfunds whose use is not restricted by law. (1997‑393, s. 1.)