AN ACT TO PROTECT THE TAXPAYERS OF NORTH CAROLINA FROM THE DIVERSION OF FUEL TAX PROCEEDS FOR NONTRANSPORTATION USES BY REQUIRING THAT THE UNRESERVED CREDIT BALANCE IN THE HIGHWAY FUND BE USED FOR ROAD-RELATED USES. Enacted June 19, 2013. Effective July 1, 2014.
Summary date: Jun 24 2013 - View summary
Bill H 157 (2013-2014)Summary date: Apr 3 2013 - View summary
House committee substitute to the 1st edition makes the following changes. Amends GS 136-44.2(f)(1), Restrictions on use, to provide that funds from the unreserved credit balance in the Highway Fund being used for an "other urgent road construction or road maintenance need" project cannot be used for nontransportation administrative costs, nontransportation information technology costs, or any economic development purpose (was, cannot be used for an economic development purpose).
Bill H 157 (2013-2014)Summary date: Feb 26 2013 - View summary
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, whichexceeds the amount estimated in theCurrent 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 orroad maintenance need (was, an other urgent need)projectfrom being used for an economic development purpose (was, administrative costs, information technology costs, or economic development). Effective July 1, 2014.