House Bill 836 Summary

• Establishes a 17-member joint legislative study commission to evaluate the feasibility of creating a state infrastructure bank to finance infrastructure projects and drive economic growth in North Carolina.

• Commission membership includes 3 senators, 3 house members, 3 governor-appointed members (including public finance and environmental infrastructure experts), state treasurer, state controller, budget office representative, transportation secretary, and representatives from private banking, energy infrastructure, public health, and workforce development.

• Commission must hold at least 5 public meetings across distinct geographic regions of the state and study capital financing options for housing, public works, education, transportation, environmental, energy, and telecommunications infrastructure.

• Commission shall examine administrative structures, regulatory oversight, competitive implications, integration with existing state financial resources, and transition actions needed to establish the bank.

• Commission must submit an interim report to the 2022 Regular Session and a final report with legislative recommendations by the end of the 2022 Regular Session.