NORTH CAROLINA GENERAL ASSEMBLY

1981 SESSION

 

 

CHAPTER 280

SENATE BILL 311

 

 

AN ACT TO ALLOCATE ALL OF THE STATE CEILING FOR TAX EXEMPT MORTGAGE SUBSIDY BONDS TO THE NORTH CAROLINA HOUSING FINANCE AGENCY.

 

The General Assembly of North Carolina enacts:

 

Section 1. Pursuant to 26 U.S.C. 103A(g)(6), the North Carolina Housing Finance Agency is allocated one hundred percent (100%) of the State ceiling on qualified mortgage bonds.

Sec. 2. This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 28th day of April, 1981.