North Carolina Statutes
§ 160A-825 — Purpose of Article; definition
(a)The purpose of this Article is to provide a process for a city in financial distress to transition out of that distress either on its own initiative or with assistance from or under the direction of the Local Government Commission.
(b)For purposes of this Article, the following terms shall apply:
(1)City. - As defined in G.S. 160A-1.
(2)Commission. - The Local Government Commission.
(3)Council. - As defined in G.S. 160A-1. (2021-124, s. 6.)
Part 2. Transition Initiation by Local Government Commission.
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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 power