Bill Summary for S 426/SL 2012-156 (2011-2012)

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Bill: PUBLIC FINANCE LAWS/MUNICIPAL SERVICE DISTS (NEW).

Summary date: 

Jul 17 2012
S.L. 2012-156

Bill Information:

View NCGA Bill Details(link is external)2011-2012 Session
Senate Bill 426 (Public) Filed Thursday, March 24, 2011
TO MAKE CLARIFICATIONS AND MODIFICATIONS TO THE PUBLIC FINANCE STATUTES OF NORTH CAROLINA FOR THE IMPROVEMENT OF VARIOUS FINANCING STRUCTURES AND THE TERMS AND PROVISIONS OF THE FINANCING STRUCTURES.
Intro. by Clodfelter.

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Bill summary

AN ACT TO MAKE CLARIFICATIONS AND MODIFICATIONS TO THE PUBLIC FINANCE STATUTES OF NORTH CAROLINA FOR THE IMPROVEMENT OF VARIOUS FINANCING STRUCTURES AND THE TERMS AND PROVISIONS OF THE FINANCING STRUCTURES AND TO AUTHORIZE A RESOLUTION ESTABLISHING A MUNICIPAL SERVICE DISTRICT TO BECOME EFFECTIVE UPON A DATE SPECIFIED IN THE RESOLUTION IF SPECIAL OBLIGATION BONDS ARE ANTICIPATED TO BE AUTHORIZED FOR A PROJECT. Summarized in Daily Bulletin 3/24/11, 5/10/11, 5/18/11, and 6/19/12. Enacted July 12, 2012. Effective July 12, 2012.