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The following are important announcements and recent updates for finance professionals

The following are important announcements and recent updates for finance professionals

Announcements:

The ARP/CSLFRF obligation deadline is December 31, 2024. Click here for details.

Recent Statutory and Other Changes:

SL. 2024-1: Allows local governments to use a settlement project ordinance, authorized by G.S. 159-13.2 for any revenues received as part of a settlement. For more info, click here.

SL 2023-59: Authorizes process for LGC to withhold sales tax revenue for local governments with late audits. Click here for more information.

SL 2023-134: Mandates new information about interest payments and tax rate increases on bond referendum for GO debt. Click here for guidance on compliance from the LGC.

SL 2023-138: Requires LGC approval of certain public enterprise contracts. Click here for more information.

SL 2023-134: Expands reach of Joint Legislative Commission for Governmental Operations. Click here for more information.