Bill Summary for H 1077 (2011-2012)

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Bill: PPP PILOT TOLL PROJECT/FERRY TOLLS (NEW).

Summary date: 

Jun 27 2012
S.L. 2012-184

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 1077 (Public) Filed Tuesday, May 22, 2012
TO INCREASE PUBLIC-PRIVATE PARTNERSHIPS FOR TOLLING AND OTHER FINANCING METHODS ON TRANSPORTATION INFRASTRUCTURE PROJECTS, AS RECOMMENDED BY THE JOINT LEGISLATIVE TRANSPORTATION OVERSIGHT COMMITTEE.
Intro. by Frye, Mills.

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Bill summary

House committee substitute makes the following changes to 2nd edition.
Changes the bill title to AN ACT TO ESTABLISH A PILOT PROJECT FOR TOLLING THE I-77 HIGH OCCUPANCY TOLL PROJECT. Amends GS 136-18(39) to state that the added provisions (concerning partnership agreement and assignment) apply to an agreement entered into in connection with the I-77 High Occupancy Toll project (previously applied statewide), as defined. Makes conforming changes to delete revenues provision and the amendments to GS 136-89.183 (applicability to Turnpike Authority). Amends proposed subdivision (43) to GS 136-18 to specify that the Department of Transportation may act as a conduit issuer for private activity bonds so long as such bonds are not a debt obligation of the state.