2015 North Carolina General Statutes
Chapter 159 - Local Government Finance.
Article 10 - Assistance for Defaulting Units in Refinancing Debt.
§ 159-178 - Duration of Commission's powers.
159-178. Duration of Commission's powers.
The power and authority granted to the Commission in this Article shall continue with respect to a defaulting unit of local government or municipality until the Commission is satisfied that the unit or municipality has performed or will perform the duties required of it in the refinancing plan, and until agreements made with the unit's or municipality's creditors have been performed in accordance with the plan. (1935, c. 124, s. 5; 1971, c. 780, s. 1; 1973, c. 494, s. 41; 1975, c. 19, s. 62.)
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