Any participating unit of local government is hereby authorized to make advances, from any moneys that may be available for such purpose, in connection with the creation of the special airport district and to provide for the preliminary expenses of such district. Any such advances may be repaid to such participating units of local government from the proceeds of the bonds issued by such district or from other available funds of the district.
N.C. Gen. Stat. § 63-88
Advances
Known as the North Carolina Special Airport Districts Act
The act spans §§ 63-78 to 63-89 (12 sections).
1979, c. 689, s. 11.
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.