§ 159B-27 – Taxes; payments in lieu of taxes.
159B-27. Taxes; payments in lieu of taxes. (a) A project jointly owned by municipalities or owned by a joint agency shall be exempt from property taxes; provided, however, that each municipality possessing an ownership share of a project, and a joint agency owning a project, shall, in lieu of property taxes, pay to any governmental […]
§ 159B-28 – Personnel.
159B-28. Personnel. Personnel employed or appointed by a municipality to work on a joint project or for a joint agency shall have the same authority, rights, privileges and immunities (including coverage under the workers’ compensation laws) which the officers, agents and employees of the appointing municipality enjoy within the territory of that municipality, whether within […]
§ 159B-29 – Dissolution of joint agencies.
159B-29. Dissolution of joint agencies. Whenever the governing board of a joint agency and the governing boards of its member municipalities shall by resolution or ordinance determine that the purposes for which the joint agency was formed have been substantially fulfilled and that all bonds theretofore issued and all other obligations theretofore incurred by the […]
§ 159B-30 – Annual reports.
159B-30. Annual reports. Each joint agency shall, following the closing of each fiscal year, submit an annual report of its activities for the preceding year to the governing boards of its member municipalities and to the North Carolina Utilities Commission. Each such report shall set forth in a form prescribed by the North Carolina Utilities […]
§ 159B-30.1 – Additional reports.
159B-30.1. Additional reports. Beginning March 1, 1996, and annually thereafter, each joint agency operating under the authority of Chapter 159B of the General Statutes shall file a report with the chairs of the Senate Appropriations Committee on Agriculture, Natural, and Economic Resources, the chairs of the House of Representatives Appropriations Committee on Agriculture and Natural […]
§ 159B-31 – Legislative consent to the application of laws of other states.
159B-31. Legislative consent to the application of laws of other states. Legislative consent is hereby given (1) To the application of the laws of other states with respect to taxation, payments in lieu of taxes, and the assessment thereof, to any municipality or joint agency created pursuant to this Chapter, which has acquired or has […]
§ 159B-32 – Government grants and loans.
159B-32. Government grants and loans. The governing board of any municipality or joint agency is hereby authorized to make application and to enter into contracts for and to accept grants-in-aid and loans from the federal and State governments and their agencies for planning, acquiring, constructing, expanding, maintaining and operating any project or facility, or participating […]
§ 159B-18 – Trust funds; investment authority.
159B-18. Trust funds; investment authority. (a) Notwithstanding any other provisions of law to the contrary, all moneys received pursuant to the authority of this Chapter, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this Chapter. The […]
§ 159B-19 – Remedies.
159B-19. Remedies. Any holder of bonds issued under the provisions of this Chapter or any of the coupons appertaining thereto, and the trustee under any trust agreements, except to the extent the rights herein given may be restricted by such trust agreement or the resolution authorizing the issuance of such bonds, may, either at law […]
§ 159B-5 – Joint ownership of a project; provisions of the contract or agreement with respect thereto.
159B-5. Joint ownership of a project; provisions of the contract or agreement with respect thereto. Each municipality shall own a project in proportion to the amount of the money furnished or the value of property or other consideration supplied by it for the planning, development, acquisition or construction thereof, and shall be entitled to a […]