§ 160B-18. Referendum approval of certain debt assumption required for consolidation; effective date of consolidation. - North Carolina Statutes

§ 160B‑18. Referendum approval of certain debt assumption required for consolidation;effective date of consolidation.

(a)        Referendum Approval of Certain Debt Assumption Required forConsolidation. – For the consolidation of a city with a county to be effectivein accordance with the provisions hereof, the assumption by the consolidatedcity‑county of all debt secured by a pledge of faith and credit of saidcity outstanding at the effective date of consolidation must have been approvedby referendum (which referendum approval may occur at different times fordifferent portions of said debt).

(b)        Effective Date of Consolidation. – Subject to therequirement of referendum approval of certain debt assumption for consolidationas provided by subsection (a) of this section, the consolidation of a city witha county shall be effective upon the later of:

(1)        Sixty days following publication of notice of the enactmentof the consolidation by the General Assembly;

(2)        Sixty days following publication of the statement of resultof the latest referendum relating to the consolidation or to the assumption ofdebt secured by a pledge of faith and credit in connection with theconsolidation; or

(3)        Any effective date of the consolidation set by the GeneralAssembly.

Inaddition, upon adoption of concurrent resolutions by the governing board ofeach unit to be consolidated, or by the interim governing board of theconsolidated city‑county, the effective date may be delayed further, butno later than July 1 of the next calendar year.

(c)        Limitation of Local Acts. – No special, private, or localact, including any enactment of a consolidation of a city with a county,enacted after July 1, 1995, may be construed to modify, amend, or repeal anyportion of this section unless it expressly so provides by specific referenceto this section. (1995, c. 461, s.4.)