North Carolina

North Carolina Monday released its 2010 debt affordability report and said that the state has “substantially exhausted” its general fund debt capacity until fiscal 2012.

North Carolina is hoping to capitalize on the recession’s silver lining by financing highway construction with an innovative contract between the state and private contractors — a deal that could accomplish one of Gov. Beverly Perdue’s transportation goals, even though the state treasurer’s office has expressed some reservations.

WASHINGTON — The University of North Carolina at Chapel Hill next week expects to issue $224 million of tax-exempt debt and Build America Bonds, which will be used to finance or refinance the costs of certain capital projects.