N.C. Gen. Statutes > Chapter 159 North Carolina General Statutes > Chapter 159 – Local Government Finance Current as of: 2024 | Check for updates | Other versions Sections Article 1 Short Title and Definitions 159-1 – 159-2 Article 2 Local Government Commission 159-3 – 159-6 Article 3 The Local Government Budget and Fiscal Control Act 159-7 – 159-42.1 Article 4 Local Government Bond Act 159-43 – 159-79 Article 5 Revenue Bonds 159-80 – 159-97 Article 5A Capital Appreciation Bonds 159-99 – 159-100 Article 6 Project Development Financing Act 159-101 – 159-113 Article 7 Issuance and Sale of Bonds 159-120 – 159-141 Article 7A Special Obligation Bonds and Notes 159-146 Article 8 Financing Agreements and Other Financing Arrangements 159-148 – 159-153 Article 9 Bond Anticipation, Tax, Revenue and Grant Anticipation Notes 159-160 – 159-172 Article 9A Borrowing by Cities for Competitive Purposes 159-175.10 Article 10 Assistance for Defaulting Units in Refinancing Debt 159-176 – 159-178 Article 11 Enforcement of Chapter 159-181 – 159-182 Article 12 Borrowing by Development Authorities Created by General Assembly 159-188 Article 13 Interest Rate Swap Agreements for Governmental Units 159-193 – 159-200 Article 14 Borrowing by Airport Authorities 159-210 Article 15 Borrowing for Expansion of Existing Landfills and Construction of New Landfills in Certain Circumstances 159-216 Ask a legal question, get an answer ASAP!Click here to chat with a lawyer about your rights.