Local Finance Bulletin #36

2007 Legislation Expands Scope of Project Development Financing in North Carolina

Thursday, November 1, 2007

This bulletin, which supersedes Local Finance Bulletin No. 35 published in October 2006, explains the purposes of project development-or tax increment-financing, discusses various policy implications underlying its use, and describes how it became available to North Carolina local governments. It also outlines the statutorily prescribed steps for using project development financing, incorporating the 2007 amendments, and provides an example of how it might work in practice.

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Public Officials - Local and State Government Roles