NORTH CAROLINA GENERAL ASSEMBLY
1979 SESSION

CHAPTER 1220
SENATE BILL 1043

AN ACT TO APPROPRIATE ADDITIONAL DEBT SERVICE RESERVE FUNDS TO THE NORTH CAROLINA HOUSING FINANCE AGENCY.

The General Assembly of North Carolina enacts:

Section 1.  There is appropriated from the General Fund to the North Carolina Housing Finance Agency the sum of two million dollars ($2,000,000) for fiscal year 1980-81 as a general debt service reserve to support an anticipated additional one hundred million dollars ($100,000,000) in bonds for conventional home mortgages within North Carolina.
Sec. 2.  This act shall become effective July 1, 1980.
In the General Assembly read three times and ratified, this the 24th day of June, 1980.