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.

	s/	 Walter H. Dalton
	 President of the Senate

	s/	 Joe Hackney
	 Speaker of the House of Representatives

	s/	 Beverly E. Perdue
	 Governor

Approved 3:08 p.m. this 26th day of August, 2009