Skip to content

A public reference institution of the State of North Carolina's law

North Carolina Law

N.C.G.S. § 157-17.1 — revision history

Text is never overwritten. Each amendment lands as a new version row with its own effective range.

  1. Version 1 — 2026-08-09 to present

    Scraped from ncleg.gov; The General Statutes include changes through S.L. 2026-7.

    (a) With the exception of mortgages under G.S. 157-17, no housing authority may execute any mortgage authorized by this Chapter without the approval of the Local Government Commission. (b) The Local Government Commission shall consider, in any application by a housing authority for approval of a mortgage, the following issues: (1) The value of the property, and any other secured indebtedness upon the property; (2) The ability of the authority to repay the indebtedness secured by the mortgage; (3) Any other issues it deems necessary to insure the financial soundness of the housing authority. (c) The Local Government Commission shall adopt rules and regulations to implement this section. (1979, c. 690, s. 5.)