North Carolina General Statutes § 143C-2-4 Director of the Budget may direct State Treasurer to borrow money for certain payments

The Director of the Budget, by and with the consent of the Governor and Council of State, may authorize and direct the State Treasurer to borrow in the name of the State, in anticipation of the collection of taxes, such sum as may be necessary to make the payments on the appropriations as even as possible and to preserve the best interest of the State in the conduct of the various State agencies during each fiscal year. (2006-203, s. 3.)

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Last modified: March 23, 2014