Bill Summary for H 1029 (2017-2018)

Summary date: 

Jun 12 2018

Bill Information:

View NCGA Bill Details2017-2018 Session
House Bill 1029 (Public) Filed Tuesday, May 29, 2018
AN ACT TO REQUIRE A PRIMARY IF A NEW ELECTION IS ORDERED IN ANY ELECTION CONTEST; TO RETURN THE ADMINISTRATIVE STRUCTURE OF ELECTIONS, ETHICS, AND LOBBYING TO THE 2016 STRUCTURE AND TO MAKE OTHER CHANGES TO THE ELECTIONS, ETHICS, AND LOBBYING LAWS.
Intro. by Torbett, Iler.

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Bill summary

House amendments make the following changes to the 3rd edition.

Amendment #1 adds a section to the bill that provides as follows. Requires the Director of the Budget to allocate no more than a cumulative total of $300 million from any credit balances in the Highway Fund and the Highway Trust Fund to a nonreverting account in the Highway trust Fund to pay only for any costs, damages, or monetary penalties owed by the State from the cancellation or modification of the Comprehensive Agreement (meaning the Comprehensive Agreement for the I-77 HOT Lanes project in Mecklenburg and Iredell counties, dated as of June 26, 2014, including any amendments to the agreement), and allocates funds for that purpose. Requires any funds expended from the account to be repaid by toll revenues collected on I-77 for a period of ten years. If there is still an amount to be repaid after that time, allows the Department of Transportation to fully repay the amount from the Highway Fund Maintenance Funds allocation to Mecklenburg County and by reducing the allocation made to Division 10. Requires that the account be fully repaid no later than twenty years after the payment from the cancellation or modification of the Comprehensive Agreement. Effective June 20, 2018. Requires any unexpended or unencumbered funds from the account to be returned to the source upon the earlier of (1) the payment of all costs, damages, and monetary penalties determined to be owed by the State from the cancellation or modification of the Comprehensive Agreement or (2) July 1, 2023.

Amendment #2 adds a section to the bill that requires the Department of Transportation to study and identify all potential and existing funding sources to pay for any costs, damages, or monetary penalties determined to be owed by the State from the cancellation or modification of the Comprehensive Agreement, or a change in scope of the project covered by the agreement. Requires a report to the Joint Legislative Transportation Oversight Committee by October 1, 2018. 

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