Are there any regulations related to public financing, including borrowing?

Yes, there are regulations related to public financing, including borrowing, in North Carolina. These regulations are set by the General Assembly, which is the legislative branch of the state government. All public borrowing, whether it is done by a county, municipality, or political subdivision, must be done in accordance with North Carolina General Statute 103-7. This statute states that any public borrowing must be authorized by the General Assembly via an act or ordinance. This includes any sale of bonds, notes, or other public debt instruments. The General Assembly has passed several laws in recent years which govern public financing and borrowing. These laws include the Local Government Commission Act, the Local Government Budget and Fiscal Control Act, and the Local Government Commission Act Regulating Public Financing. These laws provide the parameters for how public borrowing should be done in North Carolina. They also outline what types of public financing may be used, as well as the process for obtaining the approval of the General Assembly for a public financing project. In summary, North Carolina does have regulations related to public financing, including borrowing. All public borrowing must be done in accordance with the laws and regulations set forth by the General Assembly. These laws provide the guidelines for how public borrowing should be done in the state.

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Are there any regulations related to public financing, including borrowing?

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