§ 63-70. Acceptance, receipt, accounting, and expenditure of State and federal funds. - North Carolina Statutes

§63‑70.  Acceptance, receipt, accounting, and expenditure of State andfederal funds.

All North Carolinamunicipalities, counties and public airport authorities are hereby authorizedto accept, receive, receipt for, disburse and expend State funds, and otherfunds, public and private, which may be made available to them to accomplishany purpose of this Article. All federal funds accepted and expended by anymunicipality or county shall be accepted, accounted for, and expended according to such terms and conditions as may be prescribed by the UnitedStates and not inconsistent with State law. All State funds accepted by anymunicipality, county or public airport authority shall be accepted, accountedfor, and expended according to such terms and conditions as may be prescribedby the Department of Transportation. Unless otherwise prescribed by the federalor State agency from which funds were made available, the chief financialofficer of the municipality, county or public airport authority shall deposit allfunds received and keep the same in separate funds according to the purpose forwhich they were received. The accounting of all such funds shall be subject tothe municipal and county fiscal control acts. (1967, c. 1006, s. 1; 1973,c. 1262, s. 86; 1975, c. 716, s. 3; 1979, c. 148, s. 5.)