GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

H	1 

HOUSE BILL 305

Short Title:  Agric. Finance Loan Funds/AB.	(Public)

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Sponsors: Representatives Nesbitt; and Wainwright.

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Referred to:  Appropriations.

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March 4, 1999

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO THE NORTH CAROLINA AGRICULTURAL FINANCE AUTHORITY FOR THE RESERVE FOR FARM LOANS.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to the North Carolina Agricultural Finance Authority the sum of three million dollars ($3,000,000) for the 1999-2000 fiscal year for the Reserve for Farm Loans.  These funds shall be used to provide agricultural loans, as defined in G.S. 122D-3, pursuant to Chapter 122D of the General Statutes.
Section 2.  This act becomes effective July 1, 1999.