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North Carolina's Secret Debt Guardians | Raleigh News
Published 1 week, 3 days ago
Description
North Carolina’s Local Government Commission, a Depression-era watchdog with power over public borrowing, acts like a state bank’s loan committee—reviewing projects, financial health, and even placing struggling towns on an “Assistance List.” Unique for handling both debt approval and sales, it safeguards the state’s fiscal reputation while operating under the State Treasurer’s office.
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