NORTH CAROLINA GENERAL ASSEMBLY

1967 SESSION

 

 

CHAPTER 1148

HOUSE BILL 1056

 

 

AN ACT TO AMEND ARTICLE 21, CHAPTER 116, OF THE GENERAL STATUTES OF NORTH CAROLINA TO AUTHORIZE THE ISSUANCE OF REVENUE BONDS FOR FACULTY HOUSING AND REVENUE PRODUCING PARKING FACILITIES.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 116-187 is amended by striking the period at the end, inserting a comma in lieu thereof, and adding the following: "housing of faculty, and for revenue-producing parking decks or structures."

Sec. 2.  G.S. 116-189, subsection (5) is amended by adding the following sentence at the end thereof: "The word 'project' shall also mean and shall include any one or more buildings or facilities for faculty housing and revenue-producing parking decks or structures, of any size or type approved by the board and the Advisory Budget Commission and any enlargements, improvements or additions so approved of or to any such buildings or facilities now or hereafter existing, and including necessary land and interests in land, furnishings, equipment, and parking facilities."

Sec. 3.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 4.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 5th day of July, 1967.