NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 1094

SENATE BILL 625

 

 

AN ACT TO AMEND G.S. 115-102 INCREASING THE AMOUNT OF INTEREST WHICH THE STATE BOARD OF EDUCATION MAY CHARGE ON LOANS FROM THE STATE LITERARY FUND TO COUNTY AND CITY BOARDS OF EDUCATION FROM FOUR TO SIX PERCENT.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 115-102 is amended by striking from line 3 the words and number, "four per centum (4%)" and inserting in lieu thereof the words and number, "six per centum (6%)".

Sec. 2.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 21st day of July, 1971.