ATLANTA -- The North Carolina legislature has finally approved a $740 million general obligation bond package to be sent to voters in November and has authorized issuance of $87.5 million of GO bonds for prisons, which have already been approved by voters.

The borrowing approval occurred last Saturday, the last day of the state's 1993 legislative session, at which lawmakers also authorized a capital budget totaling $209 million for fiscal 1994. The fiscal year began July 1.

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