159B-29. Dissolution of joint agencies.
Whenever the governing board of a joint agency and the governing boards of its member municipalities shall by resolution or ordinance determine that the purposes for which the joint agency was formed have been substantially fulfilled and that all bonds theretofore issued and all other obligations theretofore incurred by the joint agency have been fully paid or satisfied, the governing board of the joint agency may by resolution declare the joint agency to be dissolved. On the effective date of such resolution declaring the joint agency to be dissolved, the title to all funds and other property owned by the joint agency at the time of such dissolution shall vest in the member municipalities of the joint agency as provided in this Chapter and the bylaws of the joint agency. Notice of such dissolution shall be filed with the Secretary of State. (1975, c. 186, s. 1; 1995, c. 412, s. 18.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 159B - Joint Municipal Electric Power and Energy Act
Article 2 - Joint Agencies; Municipalities.
§ 159B-4 - Authority of municipalities to jointly cooperate.
§ 159B-6 - Sale of capacity and output by a municipality.
§ 159B-7 - Licenses, permits, certificates and approvals.
§ 159B-9 - Creation of a joint agency; board of commissioners.
§ 159B-10 - Executive committee, composition; powers and duties; terms.
§ 159B-11 - General powers of joint agencies; prerequisites to undertaking projects.
§ 159B-13 - Sale of excess capacity and output by a joint agency.
§ 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-20 - Status of bonds under Uniform Commercial Code.
§ 159B-21 - Bonds eligible for investment.
§ 159B-22 - Agreement of the State.
§ 159B-23 - Limited liability.
§ 159B-24 - Approval and sale of bonds.
§ 159B-27 - Taxes; payments in lieu of taxes.
§ 159B-29 - Dissolution of joint agencies.
§ 159B-30.1 - Additional reports.
§ 159B-31 - Legislative consent to the application of laws of other states.
§ 159B-32 - Government grants and loans.
§ 159B-34 - Liability and defense.
§ 159B-35 - Additional method.
§ 159B-36 - Recodified as § 159B-52 by Session Laws 1983, c609, s8.
§ 159B-37 - Actions relating to bonds or to security for bonds.
§ 159B-38 - Confidentiality of contract discussions.
§ 159B-39 - Permitted uses of revenue from electric power rates.