North Carolina § 159-56.1 Certain proceedings ratified notwithstanding provisions of § 159-56

North Carolina Statutes

§ 159-56.1 — Certain proceedings ratified notwithstanding provisions of § 159-56

North Carolina § 159-56.1

Ch. 159Local Government Finance

Art. 4Local Government Bond Act

Subch. IVLONG-TERM FINANCING

This text of North Carolina § 159-56.1 (Certain proceedings ratified notwithstanding provisions of § 159-56) 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.

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N.C. Gen. Stat. § 159-56.1 (2026).

Text

All proceedings heretofore taken by the governing boards of units of local government in connection with the authorization of bonds are hereby ratified, approved, confirmed and in all respects validated, notwithstanding the provisions of G.S. 159-56; provided that the issuance of said bonds, the indebtedness to be incurred by the issuance thereof and the levy of a tax for the payment thereof shall have been approved at an election by a majority of the qualified voters of the unit voting thereon. (1973, c. 1172.)

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All proceedings heretofore taken by the governing boards of units of local government in connection with the authorization of bonds are hereby ratified, approved, confirmed and in all respects validated, notwithstanding the provisions of G.S. 159-56; provided that the issuance of said bonds, the indebtedness to be incurred by the issuance thereof and the levy of a tax for the payment thereof shall have been approved at an election by a majority of the qualified voters of the unit voting thereon. (1973, c. 1172.)