NC H572

Establishes a 17-member joint legislative commission to study 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 representatives, 3 gubernatorial appointees (including a public finance expert and environmental infrastructure specialist), state treasurer, state controller, budget office representative, transportation secretary, private banker, energy infrastructure expert, public health representative, and workforce development representative.

Commission must hold at least five public meetings in distinct geographic regions and study issues including capital access, financing for housing/public works/education/student loans, infrastructure expansion, regulatory structures, competition with existing banks, and transition actions needed to establish the bank.

Commission may submit an interim report to the 2024 regular session and must submit a final report with legislative recommendations by the end of the 2024 regular session, then terminate on December 31, 2024.

Bill takes effect upon becoming law and authorizes the commission to request information from all state agencies and contract for professional services as needed.