North Carolina § 159-42.1 Establishment of nonprofit corporation by public authority authorized

North Carolina Statutes

§ 159-42.1 — Establishment of nonprofit corporation by public authority authorized

North Carolina § 159-42.1

Ch. 159Local Government Finance

Art. 3The Local Government Budget and Fiscal Control Act

Subch. IIIBudgets and Fiscal Control

This text of North Carolina § 159-42.1 (Establishment of nonprofit corporation by public authority authorized) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 159-42.1 (2026).

Text

A public authority may establish, control, and operate a nonprofit corporation that is created under Chapter 55A of the General Statutes and is a tax-exempt organization under the Internal Revenue Code to further the authorized purposes of the public authority. A nonprofit corporation established as provided in this section shall not have regulatory or enforcement powers and shall not engage in partisan political activity. (2015-122, s. 1.)
Part 1. Operation of Article.

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A public authority may establish, control, and operate a nonprofit corporation that is created under Chapter 55A of the General Statutes and is a tax-exempt organization under the Internal Revenue Code to further the authorized purposes of the public authority. A nonprofit corporation established as provided in this section shall not have regulatory or enforcement powers and shall not engage in partisan political activity. (2015-122, s. 1.)
Part 1. Operation of Article.