N.C. Gen. Stat. § 115C-493

Current through Session Law 2024-58

Section 115C-493 - When only income from fund expended

Where the donor of said pledges, gifts, donations, and devises so provides, the board of trustees shall keep the principal of such gift or gifts intact and only the income therefrom may be expended.

Amended by 2011 N.C. Sess. Laws 284,s. 80, eff. 6/24/2011.

1961, c. 970; 1981, c. 423, s. 1.