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§ 159B-37 – Actions relating to bonds or to security for bonds.

159B-37. Actions relating to bonds or to security for bonds. Notwithstanding the general provisions concerning venue contained in Chapter 1, Subchapter IV, Article 7, or elsewhere in the General Statutes, any action or proceeding by or against a municipality or a joint agency that concerns or relates to (a) any bonds issued pursuant to this […]

§ 159B-38 – Confidentiality of contract discussions.

159B-38. Confidentiality of contract discussions. Discussions of a proposed or existing contract to which a joint agency may be or is a party for the construction, ownership, or operation of works, plants, and facilities for or incident to the generation, transmission, or use of electric power and energy or the purchase, sale, exchange, interchange, wheeling, […]

§ 159B-39 – Permitted uses of revenue from electric power rates.

159B-39. Permitted uses of revenue from electric power rates. (a) A municipality as authorized in this Chapter shall use revenue derived from rates for electric service to (i) pay the direct and indirect costs of operating the electric system and (ii) transfer to other funds of the municipality a sum that reflects a rate of […]

§ 159B-42 – Joint municipal assistance agencies.

159B-42. Joint municipal assistance agencies. The purpose of this Article is to authorize joint agencies or municipalities to form one or more joint municipal assistance agencies which shall be empowered to provide aid and assistance to municipalities in the construction, ownership, maintenance, expansion and operation of their electric systems, to do such other acts and […]

§ 159B-43 – Joint municipal assistance agencies authorized.

159B-43. Joint municipal assistance agencies authorized. (a) Any two or more joint agencies, or any two or more municipalities, may organize a joint municipal assistance agency, which shall be a public body and body corporate and politic. Any joint agency or municipality is hereby authorized to become a member of any such joint municipal assistance […]

§ 159B-43.1 – Alternative to board of commissioners.

159B-43.1. Alternative to board of commissioners. (a) In lieu of the provisions of G.S. 159B-43(c) through (i), a joint municipal assistance agency organized by two or more joint agencies, by resolutions adopted by each of those joint agencies, may be governed by an executive committee created pursuant to the provisions of G.S. 159B-10. In that […]

§ 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 […]