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_ 13 <br /> §153A-376 COUNTIES §153A-376 <br /> i and those powers granted by law to county housing authorities.Any <br /> board of county commissioners desiring to do so may delegate to <br /> redevelopment commission or to any housing authority the respon- <br /> sibility of undertaking or carrying out any specified community <br /> 1 development activities.Any board of county commissioners and any <br /> municipal governing body may by agreement undertake or carry out <br /> i for each other any specified community development activities.Any <br /> board of county commissioners may contract with any person, <br /> association,or corporation in undertaking any specified community <br /> development activities.Any county or city board of health, county <br /> board of social services,or county or city board of education,may by <br /> agreement undertake or carry out for any board of county commis- <br /> sioners any specified community development activities. <br /> (c) Any board of county commissioners undertaking community ` <br /> development programs or activities may create one or more advisory <br /> committees to advise it and to make recommendations concerning <br /> such programs or activities. <br /> + (d) Any board of county commissioners proposing to undertake <br /> any loan guaranty or similar program for rehabilitation of private <br /> buildings is authorized to submit to its voters the question whether <br /> } such program shall be undertaken,such referendum to be conducted <br /> i pursuant to the general and local laws applicable to special elections <br /> in such county. <br /> (e) No state or local taxes shall be appropriated or expended by a <br /> county pursuant to this section for any purpose not expressly <br /> i authorized by G.S. 153A-149,unless the same is first submitted to a <br /> vote of the people as therein provided. <br /> f (f) All program income from Economic Development Grants from <br /> the Small Cities Community Development Block Grant Program <br /> may be retained by recipient"economically distressed counties", as <br /> defined in G.S. 143B-437A for the purposes of creating local eco- <br /> nomic development revolving loan funds. Such program income <br /> derived through the use by counties of Small Cities Community <br /> 1 Development Block Grant money includes but is not limited to: (i) <br /> payment of principal andi nterest on loans made by the county using <br /> Community Development Block Grant Funds;(ii)proceeds from the <br /> lease or disposition of real property acquired with Community <br /> Development Block Grant Funds; and (iii) any late fees associated <br /> ! with loan or lease payments in(i)and(ii)above. The local economic <br /> 1 development revolving loan fund set up by the county shall fund <br /> only those activities eligible under Title I of the federal Housing and <br /> Community Development Act of 1974,as amended(P.L.93-383),and <br /> shall meet at least one of the three national objectives of the <br /> Housing and Community Development Act.Any expiration of G.S. <br /> 143B-437A or G.S. 105-129.3 shall not affect this subsection as to <br /> designations of economically distressed counties made prior to its <br /> esp. ti . <br /> (g} Any county may receive and dispense funds from the Commu- <br /> nity Development Block Grant Section 108 Loan Guarantee pro- <br /> gram M, 24 CFR 570.700 et seq., either through applica- <br /> tion to the North Carolina Department of Commerce or directly from <br /> the fedqral government, in accordance with State and federal laws <br /> governing these funds.Any county that receives these funds directly <br /> from the federal government may pledge current and future CDBG <br /> funds for use as loan guarantees in accordance with State and <br /> federal laws governing these funds. A county may implement the <br /> 125 <br /> I <br /> i <br />