North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 03 - LOCAL GOVERNMENT COMMISSION
Section .0900 - OTHER REQUESTS FOR APPROVAL
Section 03 .0903 - APPLICATION TO AMEND: PRIOR APPROVALS
Universal Citation: 20 NC Admin Code 03 .0903
Current through Register Vol. 39, No. 6, September 16, 2024
(a) Whenever there is a substantial change in the economic environment or situation in which the governmental unit operates, the governing board of the governmental unit may make an application to amend a prior approval by the Commission.
(b) An application to amend prior approvals shall be submitted in the same manner as required for initial approval plus the following additional items in the Board resolution:
(1) A statement of the changes in the
economic environment or situation and estimates of the financial effects
thereof; and
(2) A statement of the
modification of the approval being requested by the Board and the Board's
reasoning for making each specific request for modification.
Authority
G.S.
159-3(f);
Eff.
November 1, 1983;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. January 9,
2018.
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