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NC S1129

Bill

Status

Introduced

5/12/2010

Primary Sponsor

Julia Boseman

Click for details

Origin

Senate

2010 Session

AI Summary

  • Reduces the annual transfer from the Highway Use Tax Fund to the General Fund from $71,000,000 to $31,000,000.

  • Increases the annual appropriation to the North Carolina Turnpike Authority from the Highway Trust Fund from $99,000,000 to $139,000,000.

  • Allocates $40,000,000 of the increased Turnpike Authority funds for debt service and related financing expenses on revenue bonds for the Cape Fear Skyway Bridge construction.

  • Maintains existing allocations for Triangle Expressway ($25,000,000), Monroe Connector/Bypass ($24,000,000), Mid-Currituck Bridge ($15,000,000), and Garden Parkway ($35,000,000).

  • Becomes effective July 1, 2010.

Legislative Description

Gap Funding for Cape Fear Skyway Bridge

Last Action

Ref To Com On Appropriations/Base Budget

5/13/2010

Committee Referrals

Appropriations/Base Budget5/13/2010

Full Bill Text

No bill text available