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by virtue of.the provisions of Section 103 of the Internal . 8 <br />Revenue Code of 1986, as amended (or any successor therefor). <br />Section 3. The Authority hereby requests that the State of <br />North Carolina, pursuant to Chapter 588 of the 1987 North <br />Carolina General Session Laws, or any other executive order or <br />legislation relating to volume limitations on tax - exempt <br />financing, allocate to the above- described revenue bonds and <br />Project $5,500,000 of the "unified volume limitation" (as <br />described in said Session Laws or in any such other executive <br />order or legislation), and acknowledges that any such allocation <br />shall be only for purposes of said Project and that any portion <br />of such allocation not utilized in connection with such bonds and <br />Project or which terminates or expires will, without further <br />action, revert to the State of North Carolina. <br />Section 4. This resolution shall take effect upon its <br />passage. <br />Thereupon, on the motion of Commissioner _ <br />seconded by Commissioner McClamroch , the <br />resolution was passed by the following vote: <br />McKee , <br />foregoing <br />Ayes: Tiemann, McClamroch, McKee, Parker, Bergman <br />and Klein <br />Noes: None <br />3 <br />