NC S113

Authorizes the Ferry Division of the Department of Transportation to enter into contracts for motor fuel with guaranteed or prepaid price plans, with a maximum contract length of 6 months and expiration 30 days after the act becomes law.

Establishes limits on fuel contracts: maximum price of $2.50 per gallon, maximum purchase amount of 2 million gallons per contract, with motor fuel dealers required to file a guaranty bond with the superior court clerk.

Establishes a Capital Improvement Account within the Highway Fund under the Ferry Division's control to receive proceeds from leasing office space in the shipyard and providing maintenance services to boats and vessels.

Allows proceeds from the Capital Improvement Account to be used exclusively for expenses related to office space leasing and maintenance services, including purchase, lease, or rental of equipment.

Permits leasing of office space and performance of maintenance services (painting, sandblasting) by the Ferry Division on boats and vessels, with revenue directed to the Capital Improvement Account rather than general ferry vessel replacement funds.