160A-479.9. Funds.
(a) The establishment and operation of an authority as herein authorized are governmental functions and constitute a public purpose, and the State of North Carolina and any unit of local government may appropriate funds to support the establishment and operation of an authority.
(b) The State of North Carolina and any unit of local government may also dedicate, sell, convey, donate or lease any of their interests in any property to an authority. (1989, c. 780, 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.