§ 160A-845 – Reassessment of financial status.
160A-845. Reassessment of financial status. (a) After the first fiscal year of cooperation with the Commission, and every year thereafter, the council shall reassess its financial affairs with the assistance of the Commission. Upon completion of the reassessment, the Commission shall make a recommendation to the city as to whether or not the city’s financial […]
§ 160A-688 – Power of eminent domain.
160A-688. Power of eminent domain. The Authority shall have continuing power to acquire, by gift, grant, devise, exchange, purchase, lease with or without option to purchase, or any other lawful method, including the power of eminent domain, the fee or any lesser interest in real or personal property for use by the Authority. Exercise of […]
§ 160A-689 – Termination.
160A-689. Termination. The Board of Trustees may terminate the existence of the Authority at any time when it has no outstanding indebtedness. In the event of such termination, all property and assets of the Authority not otherwise encumbered shall automatically become the property of the State of North Carolina, and the State of North Carolina […]
§ 160A-700 – Funding for public education.
160A-700. Funding for public education. (a) Authority. – A city may use property tax revenues authorized under G.S. 160A-209(c)(26b) and other unrestricted revenues to supplement funding for elementary and secondary public education that benefits the residents of the city. Cities may direct or restrict the use of funds appropriated for specific purposes, functions, projects, programs, […]
§ 160A-800 – Expired pursuant to Session Laws 2021-3, s2.19(b), effective January 1, 2022.
160A-800. Expired pursuant to Session Laws 2021-3, s. 2.19(b), effective January 1, 2022.
§ 160A-801 – Expired pursuant to Session Laws 2021-3, s2.19(b), effective January 1, 2022.
160A-801. Expired pursuant to Session Laws 2021-3, s. 2.19(b), effective January 1, 2022.
§ 160A-825 – Purpose of Article; definition.
160A-825. Purpose of Article; definition. (a) The purpose of this Article is to provide a process for a city in financial distress to transition out of that distress either on its own initiative or with assistance from or under the direction of the Local Government Commission. (b) For purposes of this Article, the following terms […]
§ 160A-831 – Initiation of process.
160A-831. Initiation of process. (a) The process established by this Article to rehabilitate a city’s financial affairs may be initiated by the Commission. The Commission shall establish criteria for evaluating a city for financial rehabilitation under this Article. (b) The Commission shall apply those criteria to each city with respect to which the Commission has […]
§ 160A-833 – Assessment of services and financial affairs.
160A-833. Assessment of services and financial affairs. (a) Upon initiation of the process under G.S. 160A-831, the city shall cooperate and provide information to the Commission to assess the city’s financial affairs. The assessment shall include a review of all of the following: (1) The revenues of the city. (2) The future revenue forecast of […]
§ 160A-841 – Local Government Commission control.
160A-841. Local Government Commission control. (a) If the Commission determines a city should be subject to this Part but the Commission has not exercised its authority under G.S. 159-181(c) after completion of the financial assessment and receipt or completion of the report required by G.S. 160A-833, the Commission may impound the books and records of […]