ATLANTA -- North Carolina's Supreme Court has agreed to review a lower court ruling that the city of Concord can issue refunding debt in a greater amount than the principal being refinanced.

The high court's Aug. 14 decision allows Concord to bypass a state appeals court in seeking final validation for a proposed sale of $8.5 million of debt to advance refund $7.3 million of 1984 water and sewer bonds.

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