§ 159-200 – Liberal construction.
159-200. Liberal construction. This Article, being necessary for the prosperity and welfare of the State and its inhabitants, shall be liberally construed to effect its purposes. (2003-388, s. 4.)
§ 159-210 – Borrowing authority.
159-210. Borrowing authority. Whenever an airport authority is authorized by general or local act to erect and construct improvements and facilities and to lease these improvements and facilities, the authority may borrow money for use in making and paying for these improvements and facilities, secured by and on the credit only of the lease agreements […]
§ 159-216 – Borrowing authority for landfills.
159-216. Borrowing authority for landfills. (a) Whenever a unit of local government applies to the Commission for approval to enter debt by any method authorized by this Chapter for the purpose of expansion of an existing landfill within their jurisdiction, or construction of a new landfill within their jurisdiction, and to support the repayment of […]
§ 159-198 – Severability.
159-198. Severability. If any provision of this Article or its application is held invalid, the invalidity does not affect other provisions or applications of this Article that can be given effect without the invalid provisions or application, and to this end the provisions of this Article are severable. (2003-388, s. 4.)
§ 159-199 – Validation of preexisting swap agreements.
159-199. Validation of preexisting swap agreements. All proceedings taken by the governing bodies of governmental units in connection with the authorization of swap agreements and all swap agreements entered into by governmental units before the effective date of this Article are ratified. (2003-388, s. 4.)
§ 159-177 – Power to require reports and approve budgets.
159-177. Power to require reports and approve budgets. When a refinancing plan has been put into effect pursuant to G.S. 159-176, the Commission shall have authority to require any periodic reports on the unit’s or municipality’s financial affairs (in addition to those otherwise required by law) that the secretary deems necessary, and to approve or […]
§ 159-178 – Duration of Commission's powers.
159-178. Duration of Commission’s powers. The power and authority granted to the Commission in this Article shall continue with respect to a defaulting unit of local government or municipality until the Commission is satisfied that the unit or municipality has performed or will perform the duties required of it in the refinancing plan, and until […]
§ 159-181 – Enforcement of Chapter.
159-181. Enforcement of Chapter. (a) If any finance officer, governing board member, or other officer or employee of any local government or public authority (as local government and public authority are defined in G.S. 159-7(b)) shall approve any claim or bill knowing it to be fraudulent, erroneous, or otherwise invalid, or make any written statement, […]
§ 159-182 – Offending officers and employees removed from office.
159-182. Offending officers and employees removed from office. If an officer or employee of a local government or public authority persists, after notice and warning from the Commission, in failing or refusing to comply with any provision of this Chapter, he forfeits his office or employment. The Commission may enter an order suspending the offender […]
§ 159-188 – Borrowing authority.
159-188. Borrowing authority. A development authority created as a body corporate and politic by an act of the General Assembly, and having as its purpose to stimulate, foster, coordinate, plan, improve and encourage economic development in order to relieve poverty, dependency, chronic unemployment, underemployment and to promote the improvement and development of the economy of […]