Bill Summary for S 426 (2011-2012)

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

Summary date: 

Jun 19 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

House committee substitute makes the following changes to 3rd edition.
Removes the provisions that modified special assessments for critical infrastructure needs. Amends GS 160A-537(d) to permit a resolution defining a service district to be immediately effective if the resolution states that general obligation bonds or special obligation bonds may be authorized for the project. Makes conforming changes.