§ 142-19. Power given to Director of Budget to authorize State Treasurer to borrow money. - North Carolina Statutes

§142‑19.  Power given to Director of Budget to authorize State Treasurerto borrow money.

The Director of the Budget byand with the consent of the Governor and Council of State shall have authorityto authorize and direct the State Treasurer to borrow, in the name of the Stateand pledge the credit of the State for the payment thereof, in anticipation ofthe collection of taxes, such sums as may be necessary to make the payment onappropriations to the various institutions, departments and agencies of theState as even as possible so as to preserve the best interest of the State inthe conduct of the various  institutions, departments and agencies of the Stateduring each fiscal year. (1927, c. 195.)