Any political subdivision is hereby authorized to make contributions or advances to an authority, from any moneys which may be available for such purpose, to provide for the preliminary expenses of such authority in carrying out the provisions of this Article. Any such advances may be repaid to such political subdivisions from the proceeds of bonds issued by such authority under this Article.
N.C. Gen. Stat. § 162A-16
Contributions or advances to authority by political subdivisions
Known as the North Carolina Water and Sewer Authorities Act
The act spans §§ 162–162 (21 sections).
1955, c. 1195, s. 15; 1971, c. 892, 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.