SECTION .0300 ‑ BEACH PROJECT REVOLVING FUND ADVANCES
15A NCAC 02G .0301 APPROVAL OF ADVANCES
No advance may be made without the express written approval of the Environmental Management Commission, or its executive committee when acting under the powers delegated to it by the Commission. Prior to said approval, the Commission shall seek the written advice and comments of the Secretary of the Local Government Commission who shall state the facts and circumstances of the financial conditions of the applicant. Only advances for the local share of federal hurricane protection or beach erosion control projects will be approved by the Commission.
History Note: Authority G.S. 143‑215.62;
Eff. February 1, 1976.