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NC H1011

Bill

Official Source

Status

Introduced

5/24/2018

Primary Sponsor

John Torbett

Click for details

Origin

House of Representatives

2017-2018 Session

AI Summary

  • Clarifies that net proceeds from the sale of land or facilities purchased with State Highway Fund money must be deposited back into the State Highway Fund
  • Adds this requirement as an exception to the general rule in G.S. 146-30(c) that allows various state departments to use property sale proceeds for their own capital improvement accounts
  • Effective upon becoming law and applies to all property sales occurring after the bill's effective date

Legislative Description

DOT Property Sale Proceeds/Highway Fund

Last Action

Ref to the Com on Transportation, if favorable, State and Local Government II

5/28/2018

Committee Referrals

Transportation5/28/2018

Full Bill Text

No bill text available