{"data":{"id":"us-nc/n.c.-gen.-stat.-159-43","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 159-43","heading":"Short title; legislative intent.","body":"(a)\tThis Article may be cited as \"The Local Government Bond Act.\"\n(b)\tIt is the intent of the General Assembly by enactment of this Article to prescribe a uniform system of limitations upon and procedures for the exercise by all units of local government in North Carolina of the power to borrow money secured by a pledge of the taxing power. To this end, all provisions of special, local, or private acts in effect as of July 1, 1973, authorizing the issuance of bonds or notes secured by a pledge of the taxing power or prescribing procedures therefor are repealed. No special, local, or private act enacted or taking effect after July 1, 1973, may be construed to modify, amend, or repeal any portion of this Article unless it expressly so provides by specific reference to the appropriate section of this Article. (1971, c. 780, s. 1; 1973, c. 494, s. 2.)","path":["Chapter 159. Local Government Finance.","SUBCHAPTER IV. LONG-TERM FINANCING.","Article 4. Local Government Bond Act.","Part 1. Operation of Article."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_159/GS_159-43.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:24:52Z","sha256":"13c9bef0bea6fbfc616004443c140fd7d6368e7ebb39ddc7ceb0b2f6b1c44053","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-159-42.1","next":"us-nc/n.c.-gen.-stat.-159-44"},"notice":"GroundRules: Original legal text. Not legal advice."}