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Yearly Archives: 2014

May a unit pledge town hall as security for an installment finance loan, where the borrowed monies will be used to fund road and sidewalk construction and improvements? If a municipality issues revenue bonds to fund an expansion to its … Read more

May a unit pledge town hall as security for an installment finance loan, where the borrowed monies will be used to fund road and sidewalk construction and improvements? If a municipality issues revenue bonds to fund an expansion to its water system, may it repay the loan with general fund monies? May a county pledge local sales and use taxes as security for special obligation bonds used to fund a landfill? May a unit use property tax dollars generated by new development to repay a loan even if it pledges land purchased with the borrowed funds as security for the loan?

May a unit pledge town hall as security for an installment finance loan, where the borrowed monies will be used to fund road and sidewalk construction and improvements? If a municipality issues revenue bonds to fund an expansion to its water system, may it repay the loan with general fund monies? May a county pledge local sales and use taxes as security for special obligation bonds used to fund a landfill? May a unit use property tax dollars generated by new development to repay a loan even if it pledges land purchased with the borrowed funds as security for the loan?

Just over a year ago the North Carolina Supreme Court upheld the constitutionality of G.S. 14-306.4, the law that was intended to ban all video and internet sweepstakes parlors.  My colleagues and I blogged about the ruling here, here, and … Read more