State Codes and Statutes

Statutes > North-carolina > Chapter_157 > GS_157-4_2

§ 157‑4.2. Authority budgeting and accounting systems as a part of city or countybudgeting and accounting systems.

The council of a city or the board of commissioners of a county may byresolution provide that the budgeting and accounting systems of the city's orcounty's housing authority (or, if the city's redevelopment commission isexercising the powers, duties, and responsibilities of a housing authority, thebudgeting and accounting systems of the redevelopment commission) shall be anintegral part of the budgeting and accounting systems of the city or county. Ifsuch a resolution is adopted:

(1)        For purposes of the Local Government Budget and FiscalControl  Act, the authority (or commission) shall not be considered a"public authority," as that phrase is defined in G.S. 159‑7(b),but rather shall be considered a department or agency of the city or county.The operations of the authority (or commission) shall be budgeted and accountedfor as if the operations were those of a public enterprise of the city orcounty.

(2)        The budget of the authority (or commission) shall beprepared and submitted in the same manner and according to the same proceduresas are the budgets of other departments and agencies of the city or county; andthe budget ordinance of the city or county shall provide for the operations ofthe authority (or commission).

(3)        The budget officer and finance officer of the city orcounty  shall administer and control that portion of the city or county budgetordinance relating to the operations of the authority (or commission). (1971, c. 780, s. 37.1; 1973, c. 474, s. 29.)

State Codes and Statutes

Statutes > North-carolina > Chapter_157 > GS_157-4_2

§ 157‑4.2. Authority budgeting and accounting systems as a part of city or countybudgeting and accounting systems.

The council of a city or the board of commissioners of a county may byresolution provide that the budgeting and accounting systems of the city's orcounty's housing authority (or, if the city's redevelopment commission isexercising the powers, duties, and responsibilities of a housing authority, thebudgeting and accounting systems of the redevelopment commission) shall be anintegral part of the budgeting and accounting systems of the city or county. Ifsuch a resolution is adopted:

(1)        For purposes of the Local Government Budget and FiscalControl  Act, the authority (or commission) shall not be considered a"public authority," as that phrase is defined in G.S. 159‑7(b),but rather shall be considered a department or agency of the city or county.The operations of the authority (or commission) shall be budgeted and accountedfor as if the operations were those of a public enterprise of the city orcounty.

(2)        The budget of the authority (or commission) shall beprepared and submitted in the same manner and according to the same proceduresas are the budgets of other departments and agencies of the city or county; andthe budget ordinance of the city or county shall provide for the operations ofthe authority (or commission).

(3)        The budget officer and finance officer of the city orcounty  shall administer and control that portion of the city or county budgetordinance relating to the operations of the authority (or commission). (1971, c. 780, s. 37.1; 1973, c. 474, s. 29.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_157 > GS_157-4_2

§ 157‑4.2. Authority budgeting and accounting systems as a part of city or countybudgeting and accounting systems.

The council of a city or the board of commissioners of a county may byresolution provide that the budgeting and accounting systems of the city's orcounty's housing authority (or, if the city's redevelopment commission isexercising the powers, duties, and responsibilities of a housing authority, thebudgeting and accounting systems of the redevelopment commission) shall be anintegral part of the budgeting and accounting systems of the city or county. Ifsuch a resolution is adopted:

(1)        For purposes of the Local Government Budget and FiscalControl  Act, the authority (or commission) shall not be considered a"public authority," as that phrase is defined in G.S. 159‑7(b),but rather shall be considered a department or agency of the city or county.The operations of the authority (or commission) shall be budgeted and accountedfor as if the operations were those of a public enterprise of the city orcounty.

(2)        The budget of the authority (or commission) shall beprepared and submitted in the same manner and according to the same proceduresas are the budgets of other departments and agencies of the city or county; andthe budget ordinance of the city or county shall provide for the operations ofthe authority (or commission).

(3)        The budget officer and finance officer of the city orcounty  shall administer and control that portion of the city or county budgetordinance relating to the operations of the authority (or commission). (1971, c. 780, s. 37.1; 1973, c. 474, s. 29.)