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GS 153A-376 80 <br /> Appendix D <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 />