State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_115C > GS_115C-475

§ 115C‑475. Allocation to district bonds of taxes collected.

The collections of taxes levied for debt service on all taxableproperty of a county in which local district bonds have been assumed shall beproportionately allocated to each issue of such bonds. (1955, c. 1372, art. 12, s. 3; 1981, c. 423, s. 1.)