Any political subdivision is hereby authorized to make advances, from any moneys that may be available for such purpose, in connection with the creation of such district and to provide for the preliminary expenses of such district. Any such advances may be repaid to such political subdivision from the proceeds of bonds issued by said district or from other available funds of said district.
N.C. Gen. Stat. § 162A-56
Advances by political subdivisions for preliminary expenses of districts
Known as the Metropolitan Water Districts Act
The act spans §§ 162–162 (15 sections).
1971, c. 815, s. 26.
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.