AN ACT to clarify provisions applicable to funds used in repayment of GARVEE bonds.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 136‑17.2A(i) reads as rewritten:
"(i)	All funds used in repayment of "GARVEE" bonds issued pursuant to G.S. 136‑18(12b) shall be  subject to the provisions of this section." 
SECTION 2.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 11th day of August, 2009.

	_____________________________________
		 Walter H. Dalton
	 President of the Senate

	_____________________________________
		 Joe Hackney
	 Speaker of the House of Representatives

	_____________________________________
		 Beverly E. Perdue
	 Governor

Approved __________.m. this ______________ day of ___________________, 2009