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- Chapter 115c. Elementary and Secondary Education
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- Article 33. Assumption of School District Indebtedness By Counties
N.C. Gen. Stat. § 115C-474 Taxes Levied and Collected For Bonds Assumed to Be Paid Into School Debt Service Fund of County; Discharge of Sinking Fund Custodian
Library | North Carolina Statutes |
Edition | 2023 |
Currency | Current through Session Law 2023-151 |
Year | 2023 |
Citation | N.C. Gen. Stat. § 115C-474 |
In any county where the bonds of a local district have been assumed under the provisions of this Article, all taxes levied and collected for the purpose of paying the principal of and interest on said bonds, or for creating a sinking fund for the retirement of said bonds, shall be deposited in the school debt service fund of the county. The custodian of all moneys and other assets of a sinking fund created for the retirement of said bonds is hereby authorized to turn over such ...
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