{"data":{"id":"us-nc/n.c.-gen.-stat.-160a-464","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 160A-464","heading":"Provisions of the agreement.","body":"Any contract or agreement establishing an undertaking shall specify:\n(1)\tThe purpose or purposes of the contract or agreement;\n(2)\tThe duration of the agreement;\n(3)\tIf a joint agency is established, its composition, organization, and nature, together with the powers conferred on it;\n(4)\tThe manner of appointing the personnel necessary to the execution of the undertaking;\n(5)\tThe method of financing the undertaking, including the apportionment of costs and revenues;\n(6)\tThe formula for ownership of real property involved in the undertaking, and procedures for the disposition of such property when the contract or agreement expires or is terminated;\n(7)\tMethods for amending the contract or agreement;\n(8)\tMethods for terminating the contract or agreement;\n(9)\tAny other necessary or proper matter. (1971, c. 698, s. 1.)","path":["Chapter 160A. Cities and Towns.","Article 20. Interlocal Cooperation.","Part 1. Joint Exercise of Powers."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_160A/GS_160A-464.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:25:42Z","sha256":"4374f3fa8099fecabf940320cdcd97d5014149cdf253f963a046535ab21ff3dc","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-160a-463","next":"us-nc/n.c.-gen.-stat.-160a-465"},"notice":"GroundRules: Original legal text. Not legal advice."}