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Current as of January 01, 2023 | Updated by Findlaw Staff
Except as otherwise provided by law, an annual appropriation of one hundred thousand dollars ($100,000) or less to or for the use of a nonprofit corporation may be made in a single annual payment, in the discretion of the Director of the Budget. An annual appropriation of more than one hundred thousand dollars ($100,000) to or for the use of a nonprofit corporation shall be made in quarterly or monthly payments, in the discretion of the Director of the Budget.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 143C. State Budget Act § 143C-6-21. Payments to nonprofits - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-143c-state-budget-act/nc-gen-st-sect-143c-6-21/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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