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

PUBLISHED

N.C.G.S. § 160A-895

Termination.

Effective date
2026-08-09
Last verified
2026-08-09
Source
official source
Revision history
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Whenever the Board of Trustees shall by resolution determine that the purposes for which the Authority was formed have been substantially fulfilled and that debt held and all other obligations incurred by the Authority have been fully paid or satisfied, the Board may declare the Authority to be dissolved. On the effective date of the resolution, the title to all funds and other property owned by the Authority at the time of the dissolution shall vest in and possession of the funds and other property shall be delivered to the State.  (2024-45, s. 19.4(a).)

Reviewed 2026-08-09 · source_verified