(a) In addition to all other funds established and maintained by the town, there is hereby created and established a curb, gutter, street and sidewalk assessment revolving fund.
(b) Money appropriated and paid into said fund shall be expended only for the purpose of financing, in whole or in part, curb, gutter, street and sidewalk projects, the cost of which is assessed, in whole or in part, against owners of abutting property, and which are duly authorized by the town council pursuant to G.S. Ch. 160A, art. 10 (G.S. 160A-216 et seq.).
(Code 1976, § 14-10; Code 1982, § 17-15)
State law reference(s)--Payment of assessments in cash or by installments, G.S. 160A-232.