North Carolina General Statutes § 160A-505.1 Commission budgeting and accounting systems as a part of municipality budgeting and accounting systems

The governing body of a municipality may by resolution provide that the budgeting and accounting systems of the municipality's redevelopment commission or, if the municipality's housing authority is exercising the powers, duties, and responsibilities of a redevelopment commission, the budgeting and accounting systems of the housing authority, shall be an integral part of the budgeting and accounting systems of the municipality. If such a resolution is adopted:

(1)        For purposes of the Local Government Budget and Fiscal Control  Act, the commission or authority shall not be considered a "public authority," as that phrase is defined in G.S. 159-7(b), but rather shall be considered a department or agency of the municipality. The operations of the commission or authority shall be budgeted and accounted for as if the operations were those of a public enterprise of the municipality.

(2)        The budget of the commission or authority shall be prepared and submitted in the same manner and according to the same procedures as are the budgets of other departments and agencies of the municipality; and the budget ordinance of the municipality shall provide for the operations of the commission or authority.

(3)        The budget officer and finance officer of the municipality shall administer and control that portion of the municipality's budget ordinance relating to the operations of the commission or authority. (1971, c. 780, s. 37.2; 1973, c. 474, s. 30.)

Sections:  Previous  160A-499.3  160A-500  160A-501  160A-502  160A-503  160A-504  160A-505  160A-505.1  160A-506  160A-507  160A-507.1  160A-508  160A-509  160A-510  160A-511  Next

Last modified: March 23, 2014