GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

 

 

SESSION LAW 1998-70

SENATE BILL 1289

 

 

AN ACT TO CLARIFY THE AUTHORITY OF REGIONAL TRANSIT AUTHORITIES TO USE INSTALLMENT PURCHASE FINANCING.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 160A-20(h) is amended by adding a new subdivision to read:

"(11)   A regional public transportation authority or a regional transportation authority created pursuant to Article 26 or Article 27 of this Chapter."

Section 2.  G.S. 160A-610 is amended by adding a new subdivision to read:

"(9a)    To purchase or finance real or personal property in the manner provided for cities and counties under G.S. 160A-20;"

Section 3.  G.S. 160A-639 is amended by adding a new subdivision to read:

"(9a)    To purchase or finance real or personal property in the manner provided for cities and counties under G.S. 160A-20;"

Section 4.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 29th day of July, 1998.

s/   Dennis A. Wicker

President of the Senate

 

s/   Harold J. Brubaker

Speaker of the House of Representatives

 

s/   James B. Hunt, Jr.

Governor

 

Approved 9:40 p.m. this 30th day of July, 1998