North Carolina § 159-113 Annual report

North Carolina Statutes

§ 159-113 — Annual report

North Carolina § 159-113

Ch. 159Local Government Finance

Art. 6Project Development Financing Act

Subch. IVLONG-TERM FINANCING

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Bluebook

N.C. Gen. Stat. § 159-113 (2026).

Text

In July of each year, each unit of local government with outstanding project development financing debt instruments shall make a report to any other unit, and to any special district as defined in G.S. 159-7, in which the development financing district for which the instruments were issued is located. This report shall set out the base valuation for the development financing district, the current valuation for the district, the amount of remaining project development financing debt for the district, and the unit's estimate of when the debt will be retired. The unit of local government may meet this requirement by reporting this information in its annual financial statements required by G.S. 159-34. (2003-403, s. 2.)
§ 159-114: Reserved for future codification purposes.
§§ 159-115 through 1

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In July of each year, each unit of local government with outstanding project development financing debt instruments shall make a report to any other unit, and to any special district as defined in G.S. 159-7, in which the development financing district for which the instruments were issued is located. This report shall set out the base valuation for the development financing district, the current valuation for the district, the amount of remaining project development financing debt for the district, and the unit's estimate of when the debt will be retired. The unit of local government may meet this requirement by reporting this information in its annual financial statements required by G.S. 159-34. (2003-403, s. 2.)
§ 159-114: Reserved for future codification purposes.
§§ 159-115 through 159-119: Reserved for future codification purposes.