North Carolina Statutes
§ 159B-42 — Joint municipal assistance agencies
North Carolina·Ch. 159B Joint Municipal Electric Power and Energy Act·Art. 3 Joint Municipal Assistance Agencies
The purpose of this Article is to authorize joint agencies or municipalities to form one or more joint municipal assistance agencies which shall be empowered to provide aid and assistance to municipalities in the construction, ownership, maintenance, expansion and operation of their electric systems, to do such other acts and things as hereinafter provided and to carry out the powers and responsibilities hereinafter granted in this Chapter. It shall also be the purpose of a joint municipal assistance agency to provide aid and assistance to any joint agency in the exercise of its respective powers and functions. The term "provide aid and assistance" shall be liberally construed. (1983, c. 609, s. 7; 1995, c. 412, s. 21.)
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Nearby Sections
15
§ 159B-1
Short title§ 159B-14
Bonds of a joint agency§ 159B-15
Issuance of bonds§ 159B-16
Resolution or trust agreement§ 159B-16.1
Revenues - NCEMPA members§ 159B-17
Revenues - other municipalities§ 159B-18
Trust funds; investment authority§ 159B-19
Remedies§ 159B-21
Bonds eligible for investment