159-113. Annual report.
In July of each year, each unit of local government with outstanding project development financing debt instruments shall make a report to any other unit, and to any special district as defined in G.S. 159-7, in which the development financing district for which the instruments were issued is located. This report shall set out the base valuation for the development financing district, the current valuation for the district, the amount of remaining project development financing debt for the district, and the unit's estimate of when the debt will be retired. The unit of local government may meet this requirement by reporting this information in its annual financial statements required by G.S. 159-34. (2003-403, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159 - Local Government Finance
Article 6 - Project Development Financing Act.
§ 159-102 - Unit of local government defined.
§ 159-103 - Authorization of project development financing debt instruments; purposes.
§ 159-105 - Approval of application by Commission.
§ 159-106 - Order approving or denying the application.
§ 159-108 - Agreements with property owners.
§ 159-109 - Special covenants.
§ 159-110 - Security of project development financing debt instruments.
§ 159-111 - Additional security for project development financing debt instruments.