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NC S170
Bill
AI Summary
- Repeals Section 35.12(b) of S.L. 2016-94, which previously established funding limitations on light rail projects.
- Removes the restriction that state funding for commuter rail or light rail projects cannot exceed 10% of estimated total project costs.
- Eliminates language requiring the state to cap its financial liability at the 10% maximum and removes requirements for state agreements to include these funding limitations.
- Modifies G.S. 136-189.10 to allow light rail funding from the highway trust fund without the previous statutory caps on state contributions.
- Effective upon enactment.
Legislative Description
Remove Limits on Light Rail Funding
Last Action
Ref To Com On Rules and Operations of the Senate
3/2/2017
Committee Referrals
Rules and Operations of the Senate3/2/2017
Full Bill Text
No bill text available