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GS 153A -376 <br />/_ • =-q ` <br />Part 5. Community Development. <br />§ 153A -376. Community development programs and activities. <br />(a) Any county is authorized to engage in, to accept federal and State grants and loans for, and <br />to appropriate and expend funds for community development programs and activities. In undertaking <br />community development programs and activities, in addition to other authority granted by law, a county <br />may engage in the following activities: <br />(1) Programs of assistance and financing of rehabilitation of private buildings principally <br />for the benefit of low and moderate income persons, or for the restoration or <br />preservation of older neighborhoods or properties, including direct repair, the making <br />of grants or loans, the subsidization of interest payments on loans, and the guaranty of <br />loans; <br />(2) Programs concerned with employment, economic development, crime prevention, <br />child care, health, drug abuse, education, and welfare needs of persons of low and <br />moderate income. <br />(b) Any board of county commissioners may exercise directly those powers granted by law to <br />county redevelopment commissions and those powers granted by law to county housing authorities. Any <br />board of county commissioners desiring to do so may delegate to redevelopment commission or to any <br />housing authority the responsibility of undertaking or carrying out any specified community <br />development activities. Any board of county commissioners and any municipal governing body may by <br />agreement undertake or carry out for each other any specified community development activities. Any <br />board of county commissioners may contract with any person, association, or corporation in undertaking <br />any specified community development activities_ Any county or. city board of health, county board of <br />social services, or county or city board of education, may by agreement undertake or carry out for any - <br />board of county commissioners any specified community development activities. <br />(c) Any board of county commissioners undertaking community development programs or <br />activities may create one or more advisory committees to advise it and to make recommendations <br />concerning such programs or activities. <br />(d) Any board of county commissioners proposing to undertake any loan guaranty or similar <br />program for rehabilitation of private buildings is authorized to submit to its voters the question whether <br />such program shall be undertaken, such referendum to be conducted pursuant to the general and local <br />laws applicable to special elections in such county. <br />(e) No state or local taxes shall be appropriated or expended by a county pursuant to this section <br />for any purpose not expressly authorized by G.S. 153A -149, unless the same is first submitted to a vote <br />of the people as therein provided. <br />(f) All program income from Economic Development Grants from the Small Cities Community <br />Development Block Grant Program may be retained by recipient "economically distressed counties ", as <br />defined in G.S. 143B- 437.01 for the purposes of creating local economic development revolving loan <br />funds. Such program income derived through the use by counties of Small Cities Community <br />Development Block Grant money includes but is not limited to: (i) payment of principal and interest on <br />loans made by the county using Community Development Block Grant Funds; (ii) proceeds from the <br />lease or disposition of real property acquired with Community Development Block Grant Funds; and <br />(iii) any late fees associated with loan or lease payments in (i) and (ii) above. The local economic <br />development revolving loan fund set up by the county shall fund only those activities eligible under Title <br />I of the federal Housing and 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 Housing and Community Development Act. <br />Any expiration of G.S. 143B- 437.01 or G.S. 105 -129.3 shall not affect this subsection as to <br />designations of economically distressed counties made prior to its expiration. <br />(g) Any county may receive and dispense funds from the Community Development Block Grant <br />Section 108 Loan Guarantee program, Subpart M, 24 CFR 570.700 et seq., either through application to <br />http:// www.ncga.state.nc.us /gascripts/ statutes /statutelookup.pl ?statute= 153A -... 6/7/2013 <br />50 <br />