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NC H491

Bill

Official Source

Status

Engrossed

6/7/2011

Primary Sponsor

George Cleveland

Click for details

Origin

House of Representatives

2011-2012 Session

AI Summary

  • Repeals Article 9 of Chapter 142 of the General Statutes (State Capital Facilities Finance Act)
  • Repeals related provisions in G.S. 113-44.15(d), G.S. 113-77.9(b3), and G.S. 113A-256(j)
  • Becomes effective upon enactment but does not affect debt issued or authorized prior to the effective date
  • Permits the State Treasurer to continue refinancing and refunding indebtedness issued under the repealed Article 9
  • Preserves the state's authority to reimburse the General Fund from trust funds for debt service on existing special indebtedness

Legislative Description

Repeal State Capital Facilities Finance Act

Last Action

Ref To Com On Finance

6/8/2011

Committee Referrals

Finance3/29/2011

Full Bill Text

No bill text available