160A-464. Provisions of the agreement.
Any contract or agreement establishing an undertaking shall specify:
(1) The purpose or purposes of the contract or agreement;
(2) The duration of the agreement;
(3) If a joint agency is established, its composition, organization, and nature, together with the powers conferred on it;
(4) The manner of appointing the personnel necessary to the execution of the undertaking;
(5) The method of financing the undertaking, including the apportionment of costs and revenues;
(6) The formula for ownership of real property involved in the undertaking, and procedures for the disposition of such property when the contract or agreement expires or is terminated;
(7) Methods for amending the contract or agreement;
(8) Methods for terminating the contract or agreement;
(9) Any other necessary or proper matter. (1971, c. 698, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 160A - Cities and Towns
Article 20 - Interlocal Cooperation.
§ 160A-461 - Interlocal cooperation authorized.
§ 160A-464 - Provisions of the agreement.
§ 160A-466 - Revenue and expenditures for joint undertakings.
§ 160A-470 - Creation of regional councils; definition of "unit of local government".
§ 160A-472 - Contents of charter.
§ 160A-473 - Organization of council.
§ 160A-474 - Withdrawal from council.
§ 160A-475 - Specific powers of council.
§ 160A-478 - Powers granted are supplementary.
§ 160A-479 - Creation of authority; definition.
§ 160A-479.1 - Purpose of the authority.
§ 160A-479.2 - Jurisdiction of the authority.
§ 160A-479.4 - Contents of charter.
§ 160A-479.5 - Organization of authority.
§ 160A-479.6 - Withdrawal from authority.
§ 160A-479.7 - Powers of authority.
§ 160A-479.8 - Fiscal accountability.
§ 160A-479.10 - Controlling provisions.
§ 160A-479.11 - Conflicts of interest of public officials.
§ 160A-479.12 - Issuance of revenue bonds and notes.
§ 160A-479.13 - Acquisition of property.
§ 160A-479.14 - Tax exemption.
§ 160A-479.15 - Removal and relocation of utility structures.
§ 160A-480.3 - Creation of Authority; additional membership.
§ 160A-480.4 - Powers of an Authority.
§ 160A-480.5 - Dissolution of Authority.
§ 160A-480.6 - Construction contracts.
§ 160A-480.7 - Seating at regional facility arena.
§ 160A-480.9 - Trust agreement or resolution.
§ 160A-480.11 - Faith and credit of State and units of local government not pledged.
§ 160A-480.12 - Revenue refunding bonds.
§ 160A-480.13 - Bonds eligible for investment.
§ 160A-480.14 - Taxation of revenue bonds.