NC S640

Directs the Joint Legislative Transportation Oversight Committee to study whether construction of the U.S. Highway 64 Bypass contributed to flooding in the Town of Princeville during Hurricane Matthew.

Requires the Committee to report its findings and any recommended legislation to the 2018 Regular Session of the General Assembly.

Transfers $500,000 from HB2 legal defense funds (appropriated in S.L. 2016-94 for fiscal year 2016-2017) to the Hurricane Matthew Resiliency Planning Fund.

Designates transferred funds for bridge, infrastructure, and dam construction projects in Edgecombe, Bertie, and Tyrrell Counties.

Becomes effective upon enactment.