North Carolina Statutes
§ 142-19 — Power given to Director of Budget to authorize State Treasurer to borrow money
North Carolina·Ch. 142 State Debt·Art. 2 Borrowing Money in Emergencies and in Anticipation of Collection of Taxes
The Director of the Budget by and with the consent of the Governor and Council of State shall have authority to authorize and direct the State Treasurer to borrow, in the name of the State and pledge the credit of the State for the payment thereof, in anticipation of the collection of taxes, such sums as may be necessary to make the payment on appropriations to the various institutions, departments and agencies of the State as even as possible so as to preserve the best interest of the State in the conduct of the various institutions, departments and agencies of the State during each fiscal year. (1927, c. 195.)
§§ 142-20 through 142-29. Repealed by Session Laws 1985 (Reg. Sess., 1986), c. 823, s. 1.
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Legislative History
(1927, c. 195.)
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
State bonds exempt from taxation§ 142-14
Issuance of temporary bonds§ 142-15.15
Findings§ 142-15.16
Definitions§ 142-15.3
Capital appreciation bonds