North Carolina § 159-178 Duration of Commission's powers

North Carolina Statutes

§ 159-178 — Duration of Commission's powers

North Carolina § 159-178

Ch. 159Local Government Finance

Art. 10Assistance for Defaulting Units in Refinancing Debt

Subch. IVLONG-TERM FINANCING

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Bluebook

N.C. Gen. Stat. § 159-178 (2026).

Text

The power and authority granted to the Commission in this Article shall continue with respect to a defaulting unit of local government or municipality until the Commission is satisfied that the unit or municipality has performed or will perform the duties required of it in the refinancing plan, and until agreements made with the unit's or municipality's creditors have been performed in accordance with the plan. (1935, c. 124, s. 5; 1971, c. 780, s. 1; 1973, c. 494, s. 41; 1975, c. 19, s. 62.)
§§ 159-179 through 159-180. Reserved for future codification purposes.

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The power and authority granted to the Commission in this Article shall continue with respect to a defaulting unit of local government or municipality until the Commission is satisfied that the unit or municipality has performed or will perform the duties required of it in the refinancing plan, and until agreements made with the unit's or municipality's creditors have been performed in accordance with the plan. (1935, c. 124, s. 5; 1971, c. 780, s. 1; 1973, c. 494, s. 41; 1975, c. 19, s. 62.)
§§ 159-179 through 159-180. Reserved for future codification purposes.