NC H1082

Establishes a joint legislative study commission with 17 members to examine the feasibility of creating a state infrastructure bank to finance infrastructure projects and drive economic growth in North Carolina.

Commission membership includes 3 Senate members, 3 House members, 3 Governor-appointed members (including a public finance expert and environmental infrastructure specialist), State Treasurer, State Controller, Budget and Management representative, Transportation Secretary, and representatives from private banking, energy infrastructure, public health, and workforce development.

Commission must hold at least five public meetings across distinct geographic regions of the state and study infrastructure financing options for housing, public works, education, student loans, transportation, environmental, energy, and telecommunications projects.

Commission shall examine administrative structures, oversight mechanisms, regulatory frameworks, and integration options for a state infrastructure bank, including whether it should operate as a separate entity or expand existing state financial infrastructure.

Commission must submit interim report to the 2022 General Assembly and final report by end of 2022 Regular Session; $50,000 in nonrecurring General Fund appropriation allocated for fiscal year 2022-2023 to support commission operations.