North Carolina § 159-152 Order approving or denying the application

North Carolina Statutes

§ 159-152 — Order approving or denying the application

North Carolina § 159-152

Ch. 159Local Government Finance

Art. 8Financing Agreements and Other Financing Arrangements; Arrangements for Nongovernmental Control of Public Enterprises

Subch. IVLONG-TERM FINANCING

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Bluebook

N.C. Gen. Stat. § 159-152 (2026).

Text

(a)After considering an application, and conducting a public hearing thereon if one is requested under G.S. 159-151, the Commission shall enter its order either approving or denying the application. An order approving an application shall not be regarded as an approval of the legality of the contract in any respect.

(b)If the Commission enters an order denying an application, the proceedings under this Article shall be at an end.

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(a) After considering an application, and conducting a public hearing thereon if one is requested under G.S. 159-151, the Commission shall enter its order either approving or denying the application. An order approving an application shall not be regarded as an approval of the legality of the contract in any respect.
(b) If the Commission enters an order denying an application, the proceedings under this Article shall be at an end.