GroundRules
N.C. Gen. Stat. § 159-42.1: Establishment of nonprofit corporation by public authority authorized.
Where this section sits in the code
- Chapter 159. Local Government Finance.
- Subchapter III. Budgets and Fiscal Control.
- Article 3. The Local Government Budget and Fiscal Control Act.
- Part 8. Nonprofit Corporation Established by Public Authority.
A public authority may establish, control, and operate a nonprofit corporation that is created under Chapter 55A of the General Statutes and is a tax-exempt organization under the Internal Revenue Code to further the authorized purposes of the public authority. A nonprofit corporation established as provided in this section shall not have regulatory or enforcement powers and shall not engage in partisan political activity. (2015-122, s. 1.)
Collected 2026-08-27T18:24:52Z. Source file · JSON