GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

SESSION LAW 2011-234

SENATE BILL 243

AN ACT to extend the sunset on the law allowing capital lease financing for public schools.

The General Assembly of North Carolina enacts:

SECTION 1.  Section 3 of S.L. 2006-232 reads as rewritten:

"SECTION 3. This act is effective when it becomes law and is repealed effective July 1, 2011.July 1, 2015."

SECTION 2.  This act is effective when it becomes law.

In the General Assembly read three times and ratified this the 15^th day of June, 2011.

                                                                    s/  Walter H. Dalton

                                                                         President of the Senate

                                                                    s/  Thom Tillis

                                                                         Speaker of the House of Representatives

                                                                    s/  Beverly E. Perdue

                                                                         Governor

Approved 12:50 p.m. this 23^rd day of June, 2011