• Source: North Carolina Local Government Commission

The North Carolina Local Government Commission is a part of the North Carolina Department of State Treasurer which was created after the Great Depression to assist local North Carolina governments in decision making involving large financing projects such as bond issues. The commission is chaired by the North Carolina State Treasurer.




Structure and responsibilities


The Local Government Commission is a subagency within the North Carolina Department of State Treasurer. The body is made up of nine members: the state treasurer, who serves as its chair; the state auditor, the secretary of state, the secretary of revenue, three gubernatorial appointees, one State House appointee, and one State Senate appointee.
The commission is responsible for approving, selling, and delivering all North Carolina bonds and notes. It is empowered by statute to revoke the incorporation of financially-troubled municipalities.




History


The commission was created by the North Carolina General Assembly in 1931. It was involved in the controversial Carolina Crossroads project near Roanoke Rapids, North Carolina and was criticized for lack of rigor in its evaluation of the proposal. In February 1997 the board assumed control over the finances of Princeville, the first time it had ever taken over the finances of a municipality. In December 2021, it voted to revoke the incorporation of East Laurinburg, effective June 2022, the first time it ever used this authority, after finding evidence of impropriety in the town's financial management.




References






Works cited


Parker, Adam C. (January 2013). "Still as Moonlight: Why Tax Increment Financing Stalled in North Carolina". North Carolina Law Review. 91 (2): 661–719.




Further reading


Coe, Charles K. (2007). Preventing Local Government Fiscal Crises: The North Carolina Approach. Public Budgeting & Finance, Volume 27, Issue 3, pages 39–49, Fall 2007. doi:10.1111/j.1540-5850.2007.00879.x
Fehr, Stephen C. (June 6, 2012), "North Carolina Agency Is Local Government Lifeline", Stateline, Pew Center on the States
Fesler, James W. (1941). North Carolina's local government commission. National Municipal Review, Volume 30, Issue 6, pages 327–334, June 1941. doi:10.1002/ncr.4110300606




External links


Official site

Kata Kunci Pencarian:

• Barack Obama
• Serikat (Perang Saudara Amerika)
• Kota
• Apple Inc.
• Perbudakan
• Boeing
• Daftar kota menurut PDB
• Cakupan Google Street View
• New York (negara bagian)
• In God We Trust
• North Carolina Local Government Commission
• Local Government Commission
• Councils of governments in North Carolina
• East Laurinburg, North Carolina
• Roanoke Rapids, North Carolina
• Princeville, North Carolina
• Winnabow, North Carolina
• North Carolina State Treasurer
• North Carolina Department of Revenue
• North Carolina