North Carolina § 124-16 - Strategic plan and capital investment plan required of State-owned railroad company; performance management system.
Full text of North Carolina North Carolina General Statutes § 124-16 — Strategic plan and capital investment plan required of State-owned railroad company; performance management system., with citation guidance and answers to common questions.
§ 124-16. Strategic plan and capital investment plan required of State-owned railroad company; performance management system.
Any State-owned railroad company shall prepare and maintain a comprehensive strategic plan and a capital investment plan. The strategic plan shall include a mission statement describing the purpose of the company and clear goals that address the strategic issues facing the company. Any State-owned railroad company shall develop and implement a formalized performance management system based on its strategic plan. The performance management system shall measure and monitor progress toward achieving strategic objectives. When performance fails to achieve strategic objectives within the time period established in the plan, a State-owned railroad company shall take corrective action. History (2013-360, s. 34.14(c).)
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 124-16
What does North Carolina General Statutes § 124-16 cover?
Section 124-16 ("Strategic plan and capital investment plan required of State-owned railroad company; performance management system.") 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 § 124-16?
A common citation format is "North Carolina General Statutes § 124-16" (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 § 124-16 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.