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Code · North Carolina · Chapter 160D — Local Planning and Development Regulation

§ 160D-1012. Applicability of procedures to approve debt.

75 words·~1 min read·/nc/chapter-160d/160d-1012

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§ 160D-1012. Applicability of procedures to approve debt.
In the event that any of the obligations of the local government in the development agreement constitute debt, the local government shall comply, at the time of the obligation to incur the debt and before the debt becomes enforceable against the local government, with any applicable constitutional and statutory procedures for the approval of this debt. (2019-111, s. 2.4; 2020-3, s. 4.33(a); 2020-25, s. 51(a), (b), (d).)
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