160A-480.5. Dissolution of Authority.
The General Assembly may dissolve an authority if all bonds or notes issued by the Authority and all other obligations incurred by the Authority have been fully paid or satisfied. In such event any assets of the Authority shall become the property of the county authorized to levy a room occupancy and prepared food and beverage tax to be distributed to the Authority. (1995, c. 458, 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.