Bill Summaries: S525 (2013-2014 Session)

Tracking:
  • Bill S 525 (2013-2014)
    Summary date: Mar 28 2013 - View summary

    Identical to H 157, filed 2/26/13.

    Amends GS 136-44.2 as the title indicates. Requires that the unreserved credit balance in the Highway Fund (the excess) on the last day of a fiscal year, which exceeds the amount estimated in the Current Operations Appropriations Act for the following fiscal year, be allocated to either a reserve for (1) access and public roads or (2) for other urgent road construction or road maintenance needs. Prohibits the funds from this reserve being used for any other urgent road construction or road maintenance need (was, an other urgent need) project from being used for an economic development purpose (was, administrative costs, information technology costs, or economic development). Effective July 1, 2014.
    Transportation
    GS 136

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