North Carolina § 158-7 - 2. Accounting for expenditures.
Full text of North Carolina North Carolina General Statutes § 158-7 — 2. Accounting for expenditures., with citation guidance and answers to common questions.
§ 158-7. 2. Accounting for expenditures.
In the event funds appropriated for the purposes of this Article are turned over to any agency or organization other than the county or city for expenditure, no such expenditure shall be made until the county or city has approved the same, and all such expenditures shall be accounted for by the agency or organization at the end of the fiscal year for which they were appropriated. History (1973, c. 803, s. 38.) Legal Periodicals. - For article, "Economic Development Incentives and North Carolina Local Governments: A Framework for Analysis," see 91 N.C. L. Rev. 2021 (2013).
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 158-7
What does North Carolina General Statutes § 158-7 cover?
Section 158-7 ("2. Accounting for expenditures.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 158-7?
A common citation format is "North Carolina General Statutes § 158-7" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 158-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.