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