Any municipality located within the area of operation of a commission may appropriate funds to a commission for the purpose of aiding such commission in carrying out any of its powers and functions under this Article. To obtain funds for this purpose, the municipality may levy taxes and may in the manner prescribed by law issue and sell its bonds.
N.C. Gen. Stat. § 160A-520
Grant of funds by community
Known as the Urban Redevelopment Law
The act spans §§ 160–160 (30 sections).
1951, c. 1095, s. 17; 1973, c. 426, s. 75.
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.