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NC H1106
Bill
Status
5/10/2016
Primary Sponsor
Christopher Millis
Click for details
AI Summary
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Reduces University of North Carolina public improvement bond allocations by $490 million from the Connect NC Bond Act of 2015 (S.L. 2015-280)
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Reallocates the $490 million reduction to transportation projects identified as the next-highest-scoring Strategic Mobility-funded category project under G.S. 136-189.11 that is shovel-ready
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Reallocation requires voter approval through a referendum question on the November 2016 general election ballot
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Ballot question asks voters whether to reallocate the $490 million in bonds from UNC projects to Department of Transportation highway, road, bridge, and related road infrastructure projects
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Reallocation proceeds only if a majority of voters voting on the bond question approve it; otherwise bonds remain allocated to UNC projects as originally authorized
Legislative Description
Modify Uses of Connect NC Bonds
Last Action
Ref to the Com on Finance, if favorable, Appropriations
5/11/2016