NORTH CAROLINA GENERAL ASSEMBLY
1971 SESSION

CHAPTER 1082
HOUSE BILL 1468

AN ACT TO AUTHORIZE THE USE OF A PORTION OF THE DEPARTMENT OF WATER AND AIR RESOURCES 1969 CAPITAL IMPROVEMENT APPROPRIATION TO SUPPLEMENT THE HURRICANE FLOOD PROTECTION AND BEACH EROSION CONTROL PROJECT REVOLVING FUND.

The General Assembly of North Carolina enacts:

Section 1.  An amount not exceeding $500,000 of the $1,000,000 appropriated under Subsection IV of Section 4 of Chapter 755 of the Session Laws of 1969 to the Department of Water and Air Resources for matching funds for water resources may be used to supplement any funds appropriated to the Hurricane Flood Protection and Beach Erosion Control Project Revolving Fund, established in the Department of Water and Air Resources, for non-interest bearing loans for a term not exceeding ten years to counties and municipalities to aid in financing the local portion of the non-federal share of the cost of planning, advance engineering work and construction of hurricane flood protection and beach erosion control works or projects and the maintenance and nourishment of constructed projects.
Sec. 2.  This act shall become effective upon ratification.
In the General Assembly read three times and ratified, this the 21st day of July, 1971.