07 NCAC 02I .0306 FINANCE
(a) All finances of a regional library shall be administered under the same provisions as units of local government (G.S. Chapter 159, The Local Government Finance Act) and shall be subject to an independent audit.
(b) State funds shall be administered by the regional library and shall be expended throughout the region as described in 07 NCAC 02I .0202.
History Note: Authority G.S. 125-2; 143B-10;
Eff. April 1, 2011;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. July 22, 2017.