The North Carolina Local Government Commission is a part of the North Carolina Department of State Treasurer which was created after the

Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...

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 The North Carolina State Treasurer is a statewide elected office in the United States, U.S. state of North Carolina responsible for overseeing the financial operations of state government. The current state treasurer is Brad Briner. The office o ...

Structure and responsibilities

The Local Government Commission is a subagency within the North Carolina Department of State Treasurer. The body is made up of nine members: the state treasurer, who serves as its chair; the

state auditor State auditors (also known as state comptrollers, state controllers, or state examiners, among others) are fiscal officers lodged in the executive or legislative branches of U.S. state governments who serve as external auditors, program eval ...

, the secretary of state, the secretary of revenue, three gubernatorial appointees, one State House appointee, and one

State Senate In the United States, the state legislature is the legislative branch in each of the 50 U.S. states. A legislature generally performs state duties for a state in the same way that the United States Congress performs national duties at ...

appointee. The commission is responsible for approving, selling, and delivering all North Carolina bonds and notes. It is empowered by statute to revoke the incorporation of financially-troubled municipalities.

History

The commission was created by the

North Carolina General Assembly The North Carolina General Assembly is the Bicameralism, bicameral legislature of the Government of North Carolina, state government of North Carolina. The legislature consists of two chambers: the North Carolina Senate, Senate and the North Ca ...

in 1931. In 1933, legislation designated it a "separate and distinct division" of the Department of State Treasury. It was involved in the controversial Carolina Crossroads project near

Roanoke Rapids, North Carolina Roanoke Rapids () is a city in Halifax County, North Carolina, United States. The population was 15,229 at the 2020 census and is the largest community in Halifax County. It is the principal city of the Roanoke Rapids Micropolitan Statistical ...

and was criticized for lack of rigor in its evaluation of the proposal. 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. In December 2021, it voted to revoke the incorporation of East Laurinburg, effective June 2022, the first time it ever used this authority, after finding evidence of impropriety in the town's financial management.

References

Works cited

External links

Official site
Government of North Carolina Local government in North Carolina State and local government commissions in the United States Local Government Commission

Structure and responsibilities

History

References

Works cited

Further reading

External links