House Bill 77 Summary

• Appropriates $2.333 billion from Highway Fund and $1.231 billion from Highway Trust Fund for Department of Transportation 2020-2021 fiscal year operations and maintenance

• Reduces funding for multiple programs including Public Transportation State Maintenance Assistance Program ($32.5 million), Rail Operating Assistance Program ($18.7 million), and Strategic Transportation Initiative ($425.9 million)

• Restructures Board of Transportation from 19 to 20 voting members with increased General Assembly appointment authority and expanded Board fiduciary duties for fund solvency

• Creates new oversight mechanisms including Transportation Oversight Manager position, Department Spend Plan requirements with Board approval, and monthly financial reporting to legislature

• Modifies motor fuel tax distribution to Highway Fund (81% rising to 80% by 2022) and Highway Trust Fund (19% rising to 25% by 2022) and authorizes $700 million in Build NC Bonds for existing projects