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<br /> §153A-377 1996 CUMULATIVE SUPPLEMENT §153A-405
<br /> i
<br /> receipt,dispensing, and pledging of CDBG funds under this subsec-
<br /> tion by borrowing CDBG funds and lending all or a portion of those
<br /> funds to a third party in accordance with applicable laws governing
<br /> the CDBG program.
<br /> Any county that has pledged current or future CDBG funds for
<br /> use as loan guarantees prior to the enactment of this subsection is
<br /> authorized to have taken such action. A pledge of future CDBG
<br /> funds under this subsection is not a debt or liability of the State or
<br /> any political subdivision of the State or a pledge of the faith and
<br /> credit of the State or any political subdivision of the State. The
<br /> pledging of future CDBG funds under this subsection does not
<br /> directly,indirectly,or contingently obligate the State or any political
<br /> subdivision of the State to levy or to pledge any taxes.(1975,c.435,
<br /> s. 2; c. 689, s. 2; 1987(Reg. Sess., 1988), c. 992, s. 1; 1995, c. 310, s.
<br /> 2; 1995(Reg.Sess., 1996),575,s.2; 1996,2nd Ex.Sess.,c. 13,s.3.8.)
<br /> Editor's Note.-Session Laws 1995, amendment or repeal."
<br /> c. 310, s. 2, effective July 1, 1995, en- Effect of Amendments - The 1995
<br /> acted a subsection(e).As a subsection(e) amendment, effective July 1, 1995,
<br /> already existed,that subsection was re- added a subsection(e), redesignated as
<br /> designated as subsection(g)at the direc- subsection(g).
<br /> rx tion of the Revisor of Statutes. Session Laws 1996,Second Extra Ses-
<br /> Session Laws 1996,Second Extra Sea- sion, c. 13, 9. 3.8, effective August 1,
<br /> g sion, c. 13, s. 1, provides that this act 1996,in subsection(f),substituted"`eco-
<br /> t�y# shall be known as the William S. Lee nomically distressed counties',as defined
<br /> i � � Quality Jobs and Business Expansion in G.S. 143E-437A for "`severely dis-
<br /> � 0 f Ate' tressed counties', as designated under
<br /> y_. Session Laws 1996,Second Extra Sea-
<br /> G.S. 105-130.40(c)"in the first sentence,
<br /> sion, c. 13, s. 10.1, provides: "This act
<br /> and in the last sentence substituted
<br /> does not affect the rights or liabilities of "G.S. 143B-437A or G.S. 105-129.3"for
<br /> the State,a taxpayer,or another person
<br /> G.S. 105-130.40(c)" and substituted
<br /> arising under a statute amended or re-
<br /> pealed by this act before its amendment "economically"for"severely".
<br /> or repeal; nor does it affect the right to Session Laws 1995(Reg.Sess., 1996),any refund or credit of a tax that would c. 575, s. 2, effective October 1, 1996,
<br /> X. otherwise have been available under the added the last sentence of the first para-
<br /> c'�. amended or repealed statute before its graph of subsection(g).
<br /> § 153A-377. Acquisition and disposition of prop-
<br /> erty for redevelopment.
<br /> f d:
<br /> - CASE NOTES
<br /> 4
<br /> # Cited in Vulcan__Materials Co. v
<br /> Iredell County, 103 N.C.App. 779, 407
<br /> S.E.2d 283(1991).
<br /> ARTICLE 20.
<br /> Consolidation and Governmental Study Commissions.
<br /> § 153A-405. Referendum; General Assembly ac-
<br /> tion.
<br /> (a) If authorized to do so by the concurrent resolutions that
<br /> established it, a commission may call a referendum on its proposed
<br /> plan of governmental consolidation. If authorized or directed in the
<br /> 126
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