Call. 24: Senate Rejects House Bond Proposal

The Senate, on June 13, rejected a House bill that would have allowed N.C. citizens to vote on a $1.2 billion bond package for UNC system schools through a statewide referendum. The Senate had passed it’s own version of the bill, which would allow the state to issue $3 billion in state bonds and the UNC Board of Governers to issue an unlimited amount of “special obligation bonds” without a voter referendum. A conference committee has been appointed to work out a compromise bill.