Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is a local government required to seek approval from any other governmental agency before issuing project development bonds?

0
Posted

Is a local government required to seek approval from any other governmental agency before issuing project development bonds?

0

Yes, if the financing development plan involves the construction and operation a new manufacturing facility, the unit must submit the plan to the Secretary of the NC Department of Environment and Natural Resources for approval. In order to approve the plan, the Secretary must determine that the manufacturing facility will not have a materially adverse effect on the environment and that the company that will operate the facility has operated its other facilities in substantial compliance with federal and state laws, regulations, and rules for the protection of the environment. Additionally, if the plan involves a new manufacturing facility, the unit must submit the plan to the NC Secretary of Commerce for certification that the average weekly manufacturing wages proposed by the initial users the facility are either above the average manufacturing wage paid in the county in which the district will be located or are not less than ten percent (10%) above the average weekly manufacturing wa

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.