PUBLISHED

N.C.G.S. § 160A-464

Provisions of the agreement.

Effective date: 2026-08-09
Last verified: 2026-08-09
Source: official source
Revision history: view all versions

Any contract or agreement establishing an undertaking shall specify: (1) The purpose or purposes of the contract or agreement; (2) The duration of the agreement; (3) If a joint agency is established, its composition, organization, and nature, together with the powers conferred on it; (4) The manner of appointing the personnel necessary to the execution of the undertaking; (5) The method of financing the undertaking, including the apportionment of costs and revenues; (6) The 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; (7) Methods for amending the contract or agreement; (8) Methods for terminating the contract or agreement; (9) Any other necessary or proper matter. (1971, c. 698, s. 1.)