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Current as of January 01, 2023 | Updated by Findlaw Staff
A city is authorized to enter into contracts for a period not exceeding 40 years for the supply of water, and for a period not exceeding 30 years for the supply of electric power or other public commodity or services.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 160A. Cities and Towns § 160A-322. Contracts for electric power and water - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-160a-cities-and-towns/nc-gen-st-sect-160a-322/
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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