The Local Government Commission (LGC) is a nine-member state body situated in the Department of State Treasurer. G.S. Ch. 159, Art. 2. The commission monitors the fiscal management and financial condition of local governments and public authorities (providing assistance and … Read more

Which of the following proposed transactions require that the local government or public authority first seek approval from the State’s Local Government Commission (LGC)? 1. The Town of Blowing Rocks borrows $1 million from a local credit union to make … Read more

Which of the following proposed transactions requires that the unit first seek approval from the State’s Local Government Commission? 1. The Town of Blowing Rocks borrows $1 million from a local credit union to make repairs to several of its … Read more