GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1991

CHAPTER 987

SENATE BILL 1255

AN ACT TO RATIFY, APPROVE, CONFIRM, AND VALIDATE ALL PROCEEDINGS TAKEN IN 1991 BY THE GOVERNING BOARD OF ANY UNIT OF LOCAL GOVERNMENT IN CONNECTION WITH THE EXTENSION OF THE PERIOD DURING WHICH BONDS MAY BE ISSUED.

The General Assembly of North Carolina enacts:

Section 1.  All proceedings taken in 1991 by the governing board of any unit of local government in connection with the extension of the period during which bonds may be issued pursuant to G.S. 159-64 are ratified, approved, confirmed, and in all respects validated if the governing board has adopted an order providing for the extension after a public hearing on the extension before the expiration of the period to be extended.

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified this the 20th day of July, 1992.

Henson P. Barnes

President Pro Tempore of the Senate

Daniel Blue, Jr.

Speaker of the House of Representatives