NC H909

Establishes a State Infrastructure Bank Board within the Department of State Treasurer to administer federal, state, and private funds for transportation, water/sewer, and other infrastructure projects

Board consists of 10 voting members including the Secretaries of Commerce, Transportation, and Environmental Quality, the State Treasurer, State Auditor, State Budget Officer, and four appointed members with infrastructure finance or banking experience

Loans generally capped at 30 years with interest rates at minimum 50% of AAA municipal bond rates, though the Board may provide below-market or zero-percent loans to facilitate public-private partnerships and enable otherwise non-viable projects

Board may issue revenue bonds, provide loan guarantees, and structure blended financing packages combining public and private funds, with authority to take first-loss or subordinated positions to attract private investment

Requires annual reporting to legislative oversight committees, quarterly public disclosure of loan applications and awards, and annual financial audits; effective July 1, 2025