NC S1206

Reduces the annual transfer from the Highway Trust Fund's tax revenue to the General Fund from $71,000,000 to $22,000,000.

Increases annual appropriations to the North Carolina Turnpike Authority from the Highway Trust Fund from $99,000,000 to $148,000,000.

Allocates $49,000,000 of the Turnpike Authority funds for debt service and financing expenses on revenue bonds issued for construction of the Cape Fear Skyway Bridge.

Maintains existing allocations for other turnpike projects: 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.