Bill Summary for H 1077 (2011-2012)
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Summary date:
May 23 2012
S.L. 2012-184
Bill Information:
View NCGA Bill Details | 2011-2012 Session |
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
Amends GS 136-18(39), which concerns the Department of Transportation’s (DOT) power to enter into public-private partnership agreements, to permit any such agreement to comply with certain conditions, including the provision of performance and payment security, the ability to assign rights, the power to set and revise tolls, and the use of unallocated revenues from transportation infrastructure. Also authorizes the DOT to exercise powers and duties under Article 6H (public toll roads and bridges) independently of the Turnpike Authority, and to contract with vendors to exercise such powers.