NC S798

Changes distribution of 8% highway use taxes from the General Fund to the Highway Fund for short-term motor vehicle leases and rentals.

Appropriates $35,000,000 annually from the Highway Fund to the North Carolina State Ports Authority for capital improvements to port infrastructure and facilities, beginning in fiscal year 2016-2017.

Appropriates $21,000,000 annually from the Highway Fund to the Division of Aviation within the Department of Transportation for capital improvements to public airports and time-sensitive aviation projects for economic development.

Becomes effective July 1, 2016, and applies to taxes collected on or after that date.