GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

S	2 

SENATE BILL 1289*
Finance Committee Substitute Adopted 6/10/98

Short Title:  Clarify Transit Authority Debt.	(Public)

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Sponsors:

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Referred to:  

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May 27, 1998

A BILL TO BE ENTITLED
AN ACT TO CLARIFY THE AUTHORITY OF REGIONAL TRANSIT AUTHORITIES TO USE INSTALLMENT PURCHASE FINANCING.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 160A-20(h) is amended by adding a new subdivision to read:
"(11)	A regional public transportation authority or a regional transportation authority created pursuant to Article 26 or Article 27 of this Chapter."
Section 2.  G.S. 160A-610 is amended by adding a new subdivision to read:
"(9a)	To purchase or finance real or personal property in the manner provided for cities and counties under G.S. 160A-20;"
Section 3.  G.S. 160A-639 is amended by adding a new subdivision to read:
"(9a)	To purchase or finance real or personal property in the manner provided for cities and counties under G.S. 160A-20;"
Section 4.  This act is effective when it becomes law.