North Carolina Local Government Commission

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The North Carolina Local Government Commission is a part of the North Carolina Department of State Treasurer which was created after the Great Depression to assist local North Carolina governments in decision making involving large financing projects such as bond issues. The commission is chaired by the North Carolina State Treasurer.

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The commission was involved in the controversial Carolina Crossroads project near Roanoke Rapids, North Carolina and was criticized for lack of rigor in its evaluation of the proposal. [1] [2] In February 1997 the board assumed control over the finances of Princeville, the first time it had ever taken over the finances of a municipality. [3]

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References

  1. Don Carrington (May 22, 2007). "Panel Ignored Study, Approved Theater; Moore joined Local Government Commission members in vote". Carolina Journal.
  2. "N.C. Local Government Commission muffed a big one". Charlotte Observer. Jan 18, 2008. Retrieved 2008-01-20.[ dead link ]
  3. "State Briefs : State takes over town's finances". Morning Star . February 5, 1997. p. 5B.

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