GroundRules
N.C. Gen. Stat. § 159-152: Order approving or denying the application.
Where this section sits in the code
- Chapter 159. Local Government Finance.
- SUBCHAPTER IV. LONG-TERM FINANCING.
- Article 8. Financing Agreements and Other Financing Arrangements; Arrangements for Nongovernmental Control of Public Enterprises.
(a) After considering an application, and conducting a public hearing thereon if one is requested under G.S. 159-151, the Commission shall enter its order either approving or denying the application. An order approving an application shall not be regarded as an approval of the legality of the contract in any respect.
(b) If the Commission enters an order denying an application, the proceedings under this Article shall be at an end. (1971, c. 780, s. 1.)
Collected 2026-08-27T18:24:52Z. Source file · JSON