The cash balances, in whole or in part, of capital reserve funds may be deposited at interest or invested as provided by G.S. 159-30.
N.C. Gen. Stat. § 159-21
Investment
Known as the The Local Government Budget and Fiscal Control Act
The act spans §§ 159-10 to 159-9 (47 sections).
1957, c. 863, s. 1; 1967, c. 1189; 1971, c. 780, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.