Laws of North Carolina (Last Updated: May 12, 2015) |
Chapter159. Local Government Finance. |
SubchapterIII. BUDGETS AND FISCAL CONTROL |
Article3. The Local Government Budget and Fiscal Control Act |
Part2. Capital Reserve Funds |
§159-20. Funding capital reserve funds
Latest version.
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Capital reserve funds may be funded by appropriations from any other fund consistent with the limitations imposed in G.S. 159-13(b). When moneys or investment securities, the use of which is restricted by law, come into a capital reserve fund, the identity of such moneys or investment securities shall be maintained by appropriate accounting entries.
(1943, c. 593, s. 4; 1945, c. 464, s. 2; 1957, c. 863, s. 1; 1967, c. 1189; 1971, c. 780, s. 1; 1973, c. 474, s. 15.)