GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
S	1
SENATE BILL 941
     

 
Short Title:	Housing Authority Budgeting/Accounting.	()	
Sponsors:	Senator Clodfelter.	
Referred to:	Finance.	
April 5, 2001

A BILL TO BE ENTITLED
AN ACT exempting housing authorities from the local government budget and fiscal control act.

The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 159‑7(b)(10) reads as rewritten:
"(10)	'Public authority' is a municipal corporation (other than a unit of local government) that is not subject to the Executive Budget Act (Article 1 of Chapter 143 of the General Statutes) or a local governmental authority, board, commission, council, or agency that (i) is not a municipal corporation, (ii) is not subject to the Executive Budget Act, and (iii) operates on an area, regional, or multi‑unit basis, and the budgeting and accounting systems of which are not fully a part of the budgeting and accounting systems of a unit of local government. The term 'public authority' does not mean a housing authority created under Article 1 of Chapter 157 of the General Statutes."
SECTION 2.  This act is effective when it becomes law.