North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 03 - LOCAL GOVERNMENT COMMISSION
Section .0900 - OTHER REQUESTS FOR APPROVAL
Section 03 .0905 - MUNICIPALITY USE OF SALES TAXES PURSUANT TO G.S.105-487(C)
Universal Citation: 20 NC Admin Code 03 .0905
Current through Register Vol. 39, No. 6, September 16, 2024
(a) Any municipality desiring to make application to the Commission under G.S. 105-487(c) shall submit Form LGC-102, Application to Use Allocated Additional Sales Tax Revenues for Other Than Water and Wastewater Capital Needs, including debt service.
(b) The following documents shall be attached to the application:
(1) A certified copy of
the resolution of the governing board. The resolution shall contain as a
minimum the following:
(A) The petition to
the commission;
(B) The period for
which the petition is to apply;
(C)
The projected capital needs for water and wastewater in the municipality or its
extraterritorial service area during each year of the petition
period;
(D) The sources from which
the governing board intends to make appropriations to meet the water and
wastewater capital needs during the petition period; and
(E) If the proposal contemplates the use of
borrowed funds, the resolution shall identify the revenue sources to be used
for repayment and the Board's reasoning for using borrowed funds as opposed to
the pay-as-you-go concept inherent in the legislation authorizing the levy of
the additional sales tax.
(2) A certification from the Health Services
Division of the Department of Human Resources that the municipality's water
system meets minimum state standards and an estimate of the future capital
needs for adequate water during each year of the petition period.
(3) A certification from the Environmental
Management Division of the Department of Natural Resources that the
municipality's wastewater system meets minimum state standards and estimated
future capital needs for adequate wastewater service during each year of the
petition period.
Authority
G.S.
105-487(c);
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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