There is a newer version of the North Carolina General Statutes
2009 North Carolina Code
Chapter 159 - Local Government Finance.
§ 159-73. Financing or refinancing agreements.
§ 159‑73. Financing or refinancing agreements.
Each unit of local government is authorized to enter into agreements with the holders of its outstanding debts for the settlement, adjustment, funding, refunding, financing, or refinancing of the debt. Such an agreement may contain any provisions not inconsistent with law and before the unit may enter into it, it must be approved by the Commission. (1971, c. 780, s. 1.)
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