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NC S839

Bill

Status

Introduced

5/10/2016

Primary Sponsor

Ralph Hise

Click for details

Origin

Senate

2015-2016 Session

AI Summary

  • Directs the Department of Transportation to remit 50% of liquidated damages collected from contractors on US Highway 19 East widening project (STIP Project R-2519) in Yancey County to the Yancey County/Burnsville Chamber of Commerce on a monthly basis.

  • Requires the Chamber of Commerce to use the funds only for promoting travel and tourism in Yancey County.

  • Mandates the Department remit funds by the first day of the month following collection of the liquidated damages proceeds.

  • Specifies that remitted funds shall come from Highway Trust Fund appropriations allocated for the Highway 19 project.

  • Becomes effective upon enactment and applies to any liquidated damages collected on or after the effective date.

Legislative Description

Use of Damages Proceeds from Hwy 19 Project

Last Action

Ref to Transportation. If fav, re-ref to Appropriations/Base Budget

5/11/2016

Committee Referrals

Appropriations/Base Budget5/11/2016

Full Bill Text

No bill text available