GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2009

 

 

SESSION LAW 2009-497

HOUSE BILL 12

 

 

AN ACT to clarify provisions applicable to funds used in repayment of GARVEE bonds.

 

The General Assembly of North Carolina enacts:

 

SECTION 1.  G.S. 136-17.2A(i) reads as rewritten:

"(i)        All funds derived from used in repayment of "GARVEE" bonds issued pursuant to G.S. 136-18(12b) shall be distributed in accordance with subject to the provisions of this section."

SECTION 2.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 11th day of August, 2009.

 

 

                                                                    s/  Walter H. Dalton

                                                                         President of the Senate

 

 

                                                                    s/  Joe Hackney

                                                                         Speaker of the House of Representatives

 

 

                                                                    s/  Beverly E. Perdue

                                                                         Governor

 

 

Approved 3:08 p.m. this 26th day of August, 2009