NC S500

Creates the North Carolina Infrastructure Development Authority as a public agency located within the Department of Administration to facilitate public-private partnerships for infrastructure projects.

Authority Board consists of 11 members including four gubernatorial appointees, four legislative appointees (two from Senate, two from House), and three ex officio members (Secretary of Transportation, State Chief Information Officer, Chairman of Public Utilities Commission).

Grants Authority power to study, plan, and undertake Authority Projects including transportation, public works (water, sewer, natural gas), and information technology infrastructure, with ability to issue revenue bonds and charge tolls or fees.

Authority may assist other State agencies in screening and evaluating public-private partnerships to ensure contracts maximize taxpayer benefits and minimize costs.

Requires Authority to report by May 1, 2016 to the Joint Legislative Commission on Governmental Operations regarding its activities and recommendations for removing statutory barriers to public-private partnerships.