§ 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-5.1 – Joint ownership with other public or private entities engaged in generation, transmission or distribution of electric power for resale.
159B-5.1. Joint ownership with other public or private entities engaged in generation, transmission or distribution of electric power for resale. Municipalities and joint agencies may jointly or severally own, operate and maintain projects with any person, firm, association or corporation, public or private, engaged in the generation, transmission or distribution of electric power and energy […]
§ 159B-21 – Bonds eligible for investment.
159B-21. Bonds eligible for investment. Bonds issued by a municipality or joint agency under the provisions of this Chapter are hereby made securities in which all public officers and agencies of the State and all political subdivisions, all insurance companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest […]
§ 159B-6 – Sale of capacity and output by a municipality.
159B-6. Sale of capacity and output by a municipality. Capacity or output derived by a municipality from its ownership share of a project not then required by such municipality for its own use and for the use of its consumers may be sold or exchanged by such municipality, for such consideration and for such period […]