Enacts new GS 116D-32 as the title indicates. Applies only to the issuance by the UNC Board of Governors of special obligation bonds for which (1) the Board expressly and irrevocably declares in the bond resolution or authorizing trust agreement that the provisions of proposed GS 116D-32 apply and (2) the debt service for the bonds has been received by the Governor. Requires the Governor to forward necessary funds, with order of priority set for funding sources. Requires an audit of any institution needing the Governor to make payments. Effective for special obligation bonds issued on or after July 1, 2012
TIMELY PAYMENT/UNC SPECIAL BONDS.
Printer-friendly: Click to view
| View NCGA Bill Details | 2011-2012 Session |
PROVIDE FOR THE TIMELY PAYMENT OF SPECIAL BONDS FOR THE CONSTITUENT INSTITUTIONS OF THE UNIVERSITY OF NORTH CAROLINA.Intro. by Haire.
Status: Ref To Com On Appropriations (House Action) (May 30 2012)
Bill History:
-
Tue, 29 May 2012 House: Filed
-
Wed, 30 May 2012 House: Passed 1st Reading
-
Wed, 30 May 2012 House: Ref To Com On Appropriations
H 1189
Bill Summaries:
-
Bill H 1189 (2011-2012)Summary date: May 29 2012 - View Summary
View: All Summaries for Bill