NC bill requiring more voter info on bonds gets OK - Greenville, NC | News | Weather | Sports - WNCT.com

NC bill requiring more voter info on bonds gets OK

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Local governments soon could be required to give voters more information before a bond referendum.
The General Assembly gave final approval Monday night to legislation that mandates a ballot question include wording that approved borrowing will include paying interest in addition to the debt principal. The question also must state that additional taxes may be levied to pay for the debt and interest.
Current law requires the question to contain the debt principal amount and little else. The bill also requires local governments give more information about how much interest may be owed on the debt when repaid whether or not the borrowing needs voter approval.
The House approved a bill already approved by the Senate. It now goes to Gov. Pat McCrory's desk for his signature.

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