State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_122C > GS_122C-123_1

§122C‑123.1.  Area authority reimbursement to State for disallowedexpenditures.

Any funds or part thereof ofan area authority that are transferred by the area authority to any entityincluding a firm, partnership, corporation, company, association, joint stockassociation, agency, or nonprofit private foundation shall be subject toreimbursement by the area authority to the State when expenditures of the areaauthority are disallowed pursuant to a State or federal audit. (1999‑237,s. 11.41.)