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.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 143C - State Budget Act
Article 2 - Director of the Budget.
§ 143C-2-1 - Governor is Director of the Budget.
§ 143C-2-2 - Collection of State Budget Statistics.
§ 143C-2-3 - Fiscal analysis required for any State agency bill that affects the budget.
§ 143C-2-4 - Director of the Budget may direct State Treasurer to borrow money for certain payments.