Bill Summary for H 1077 (2011-2012)

Printer-friendly: Click to view

Summary date: 

Jun 26 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.

View: All Summaries for BillTracking:

Bill summary

House committee substitute makes the following changes to 1st edition.
Prohibits execution of any contract for transportation infrastructure under a partnership agreement that requires the Department of Transportation (DOT) to make certain payments after final acceptance of such infrastructure without approval from the Local Government Commission. Clarifies the right to assign under partnership agreements, and requires all revenues from the project not otherwise allocated to be spent in the affected Metropolitan Planning Organization or Rural Transportation Planning Organization. Makes clarifying changes to the provision concerning DOT’s authority to exercise certain powers independent of the Turnpike Authority.
Adds a section, amending GS 136-89.183 (powers of the Turnpike Authority), to permit the Authority to enter into similar public-private partnership agreements, as specified.