North Carolina Statutes
§ 142-15 — Reimbursement of Treasurer for interest
Whenever it shall become necessary for the State Treasurer to borrow money to provide the maintenance fund for any State institution, the said Treasurer is authorized to deduct from the sum appropriated for maintenance of said institution the amount of interest the Treasurer shall have to pay for the use of said fund. This section shall apply to all future laws creating a maintenance fund for any State institution, unless said laws shall specifically state otherwise. (1923, c. 210; C.S., s. 7466(a).)
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Nearby Sections
15
§ 142-1
How bonds executed; interest coupons attached; where payable; not to be sold at less than par§ 142-100
Purpose§ 142-11
When bonds deemed duly executed§ 142-12
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Issuance of temporary bonds§ 142-15.15
Findings§ 142-15.16
Definitions§ 142-15.3
Capital appreciation bonds