There is a newer version of the North Carolina General Statutes
2013 North Carolina General Statutes
Chapter 160A - Cities and Towns.
Article 16 - Public Enterprises.
Section 160A-313 - Financing public enterprise.
NC Gen Stat § 160A-313 (2013) What's This?
160A-313. Financing public enterprise.
Subject to the restrictions, limitations, procedures, and regulations otherwise provided by law, a city shall have full authority to finance the cost of any public enterprise by levying taxes, borrowing money, and appropriating any other revenues therefor, and by accepting and administering gifts and grants from any source on behalf thereof. (1971, c. 698, s. 1.)
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