North Carolina Statutes
§ 160A-480.5 — Dissolution of Authority
North Carolina § 160A-480.5
This text of North Carolina § 160A-480.5 (Dissolution of Authority) 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. § 160A-480.5 (2026).
Text
The General Assembly may dissolve an authority if all bonds or notes issued by the Authority and all other obligations incurred by the Authority have been fully paid or satisfied. In such event any assets of the Authority shall become the property of the county authorized to levy a room occupancy and prepared food and beverage tax to be distributed to the Authority. (1995, c. 458, s. 1.)
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Nearby Sections
15
§ 160A-1
Application and meaning of terms§ 160A-101
Optional forms§ 160A-102
Amendment by ordinance§ 160A-107
Plan to continue for two years§ 160A-108
Municipal officers to carry out plan§ 160A-109
Effective date§ 160A-11
Corporate powers§ 160A-110
Charters to remain in force§ 160A-12
Exercise of corporate powerCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 160A-480.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/160A/160A-480.5.