{"data":{"id":"us-nc/n.c.-gen.-stat.-159-42.1","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 159-42.1","heading":"Establishment of nonprofit corporation by public authority authorized.","body":"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.)","path":["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."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_159/GS_159-42.1.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:24:52Z","sha256":"fa61a0fa1d7b8077aa6343810b44de15936921d4cb25203c9f40d009816034b8","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-159-42","next":"us-nc/n.c.-gen.-stat.-159-43"},"notice":"GroundRules: Original legal text. Not legal advice."}