§ 160A-825 Purpose of Article; definition
§ 160A-831 Initiation of process
§ 160A-833 Assessment of services and financial affairs
§ 160A-841 Local Government Commission control
§ 160A-845 Reassessment of financial status
§ 160A-848 Distribution of services, assets, liabilities, and other obligations
§ 160A-850 Effect of merger or dissolution
§ 160A-853 Action by the General Assembly
§ 160A-860 Initiation of voluntary dissolution
§ 160A-862 Impact statement
§ 160A-864 Public hearings on proposed dissolution
§ 160A-866 Plan of action; Local Government Commission approval
§ 160A-868 Resolution to dissolve; public hearing
§ 160A-870 Citizen petition for referendum on dissolution
§ 160A-872 Dissolution

Terms Used In North Carolina General Statutes > Chapter 160A > Article 32 - Transitions for Unsustainable Cities

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.