Bill Summary for H 1225 (2019-2020)

Summary date: 

Jun 18 2020

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 1225 (Public) Filed Tuesday, May 26, 2020
AN ACT TO ENACT THE EDUCATION AND TRANSPORTATION BOND ACT OF 2020.
Intro. by Moore, Elmore, Torbett, Wray.

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Bill summary

House amendment to the 2nd edition makes the following changes.

Amends the Education and Transportation Bond Act of 2020, as follows.

Increases amount of bond proceeds authorized for public school capital outlay projects and repairs and renovations, $800 million, by $250 million, and for community college capital outlay projects and repairs and renovations, $200 million, by $100 million. Decreases the amount of bond proceeds authorized for public transportation infrastructure projects, $600 million, by $350 million. Makes adjustments to the schedules for the use of bond proceeds for public school projects by increasing each ADM amount. Makes conforming changes throughout.

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