Subject to the restrictions, limitations, procedures, and regulations otherwise provided by law, a city shall have full authority to finance the cost of any public enterprise by levying taxes, borrowing money, and appropriating any other revenues therefor, and by accepting and administering gifts and grants from any source on behalf thereof.
N.C. Gen. Stat. § 160A-313
Financing public enterprise
Applied in 1 court decision — leading case 703 F. Supp. 1192 - South Shell Investment v. Town of Wrightsville Beach (1988)
Most recently applied in 703 F. Supp. 1192 - South Shell Investment v. Town of Wrightsville Beach (December 1988)
1971, c. 698, 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.