Community and Economic Development

In an effort to protect code-compliant landlords from being subject to inspection, permit, and registration requirements, the General Assembly enacted Session Law 2011-281 (the “IPR law”) to limit local government authority in this area. This bulletin employs a question and answer format to address some questions that have arisen in the wake of the IPR law and attempts to provide clear answers for public officials to follow.

This bulletin summarizes legislation affecting community and economic development enacted by the 2008 session of the North Carolina General Assembly.

Tax increment financing (TIF) is a mechanism by which local governments issue bonds, without a voter referendum, to make public improvements that are necessary to spur private investment in a designated area. TIF relies on the incremental tax revenues that result from increases in assessed property values. TIF bonds are considered to be self-financing because, if successful, the public improvements they finance will stimulate new private investment and generate tax revenues that are used to pay off the bond debt. This bulletin provides straightforward answers to some of the most frequently asked questions about TIF and aims to assist public officials in their initial considerations of TIF and when it might be appropriate.

Summarizes legislation affecting community and economic development enacted by the 2006 session of the North Carolina General Assembly.

Summarizes legislation affecting community and economic development enacted by the 2005 session of the North Carolina General Assembly.

Summarizes legislation affecting community and economic development enacted by the 2004 session of the North Carolina General Assembly.

Summarizes legislation affecting community and economic development enacted by the 2003 session of the North Carolina General Assembly.href="http://sogpubs.unc.edu/electronicversions/pdfs/cedb1.pdf">Link to free, online version in PDF format.