Bill Summaries: S839 (2015-2016 Session)

Tracking:
  • Bill S 839 (2015-2016)
    Summary date: May 10 2016 - View summary

    Directs the Department of Transportation (Department) to remit to the Yancey County/Burnsville Chamber of Commerce (Chamber) on a monthly basis an amount of funds equaling 50% of the total amount of liquidated damages proceeds collected in a month by the Department from a contractor for the contractor's failure to complete work in a timely manner on the project widening US Highway 19 East in Yancey County (STIP Project Number R-2519).  Requires the Chamber to use funds received under the statute only for promoting travel and tourism in Yancey County.  

    Directs the Department to remit the funds by no later than the first day of the month following the month in which the liquidated damages proceeds were collected by the Department.  Provides that the funds remitted under the statute are from funds appropriated from the Highway Trust Fund and allocated for the project described in the statute.  Appropriates the funds for the purposes set forth in the statute, to the extent the funds described in the statute are required to be appropriated.

    Applies to any liquidated damages proceeds collected on or after the date the act becomes law.
    Government, State Agencies, Department of Transportation
    UNCODIFIED

© 2022 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.