North Carolina § 122C-123 - 1. Area authority reimbursement to State for disallowed expenditures.
Full text of North Carolina North Carolina General Statutes § 122C-123 — 1. Area authority reimbursement to State for disallowed expenditures., with citation guidance and answers to common questions.
§ 122C-123. 1. Area authority reimbursement to State for disallowed expenditures.
Any funds or part thereof of an area authority that are transferred by the area authority to any entity including a firm, partnership, corporation, company, association, joint stock association, agency, or nonprofit private foundation shall be subject to reimbursement by the area authority to the State when expenditures of the area authority are disallowed pursuant to a State or federal audit. History (1999-237, s. 11.41.) Editor's Note. - Session Laws 1999-237, s. 11.41, originally enacted this section as G.S. 122C-123 A. It was subsequently redesignated as G.S. 122C-123.1 at the direction of the Revisor of Statutes. § 122C-124: Repealed by Session Laws 2001-437, s. 1.13(a), effective July 1, 2002.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 122C-123
What does North Carolina General Statutes § 122C-123 cover?
Section 122C-123 ("1. Area authority reimbursement to State for disallowed 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 § 122C-123?
A common citation format is "North Carolina General Statutes § 122C-123" (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 § 122C-123 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.