A BILL TO BE ENTITLED
AN ACT to authorize the issuance of special indebtedness for capital facilities costs for two new psychiatric hospitals.
The General Assembly of North Carolina enacts:
SECTION 1.  In accordance with G.S. 142‑83, this section authorizes the issuance or incurrence of special indebtedness in the maximum aggregate principal amount of three hundred ten million dollars ($310,000,000) to finance the capital facility costs of two new psychiatric hospitals, one to be located in Wayne County and the other to be located in Burke County. The State, with the prior approval of the State Treasurer and the Council of State, as provided in Article 9 of Chapter 142 of the General Statutes, is authorized to issue or incur special indebtedness in order to provide funds to the State to be used, together with other available funds, to pay the costs of constructing and equipping the project described in this section.
SECTION 2.  This act is effective when it becomes law.