6/9/09-Gov. Beverly Perdue signed a bill into law Monday, June 8, that exempts transfers of funds from the Highway Trust Fund to the North Carolina Turnpike Authority to be used for debt service on bonds issued to build turnpike projects from the equity formula
Previously SB750, the new law also enables the Turnpike Authority to issue refunding bonds that enable the restructuring and extension of bonded indebtedness.