Treasurer Richard Moore thinks new debt should be voted on.
According to the Greensboro News & Record, he said he does not support the proposed $1.2 billion in certificates of participation in the Senate budget.
He argued that COPs, which do not require voter approval, should be only rarely used, such as when the state has to quickly build a prison, according to an interview posted on Capital Beat.
"There are certain instances where maybe you shouldn't put debt out to be voted. But at the end of the day, if you reread the state's constitution it's clear that the folks who wrote (it) ... expected the people of North Carolina to have a vote when its state takes on debt."
Moore, who is running for the Democratic nomination for governor, also said that COPs are more expensive than voter-approved bonds.
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