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NC H1975

Bill

Official Source

Status

Introduced

5/25/2010

Primary Sponsor

Lorene Coates

Click for details

Origin

House of Representatives

2010 Session

AI Summary

  • Amends G.S. 136-17.2A to exempt funds used to repay GARVEE bonds from equity formula requirements.
  • Applies specifically to GARVEE bonds issued under G.S. 136-18(12b) for Phase 1 of the Yadkin River Bridge Project.
  • Exempted funds are not subject to the equity formula provisions of G.S. 136-17.2A.
  • Effective date: July 1, 2010.

Legislative Description

Exempt DOT Equity Funds/GARVEE Bonds

Last Action

Re-ref Com On Appropriations

6/9/2010

Committee Referrals

Appropriations6/9/2010
Transportation5/26/2010

Full Bill Text

No bill text available