A BILL TO BE ENTITLED
AN ACT to make technical corrections to the two‑thirds bonds act of 2008.
The General Assembly of North Carolina enacts:
SECTION 1.  Section 27.9(d) of S.L. 2008‑107, as amended by Section 2.7(c) of S.L. 2008‑118, reads as rewritten:
"SECTION 27.9.(d)  Authorization of Bonds and Notes. – The State Treasurer is authorized, by and with the consent of the Council of State, to issue and sell at one time or from time to time in the biennium ending June 30, 2011, general obligation bonds of the State to be designated "State of North Carolina General Obligation Bonds," with any additional designations as may be determined, or notes of the State, in the aggregate principal amount of one hundred seven million dollars ($107,000,000), this amount being not in excess of two‑thirds of the amount by which the State's outstanding indebtedness will be reduced during the biennium ending June 30, 2009, for the purpose of providing funds, with any other available funds, for the purposes authorized by this section.
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SECTION 2.  This act is effective when it becomes law.