Substantively identical to S 102, filed 2/19/13.

Adds a new Article 12Q to GS Chapter 120 to establish the 24-member Joint Legislative Public Infrastructure Oversight Commission (Commission).

Designates the membership of the Commission. Provides that there will be seven public members, with various specified areas of expertise, appointed to the Commission by the President Pro Tempore of the Senate (2), the Speaker of the House of Representatives (2), and the Governor (3). Requires that the public members must also be residents of North Carolina. Provides for the appointment of three Senate members by the President Pro Tem and three members by the Speaker, each of whom is to designate one of their appointees as a co-chair for the Commission. Specifies further membership.

Provides for the organization and functioning of the Commission, specifying term lengths of two years except for ex-officio members or their designees who serve until they are no longer in office or are replaced with another designee. Requires at minimum quarterly meetings and establishes that vacancies are to be filled in the same manner in which the original appointment was made.

Enunciates findings to support the need for the state to develop a comprehensive statewide policy and goals for the development and financing of public infrastructure.

States that the purpose of this Commission is to (1) inventory the assessments conducted by state agencies, local governments, and other entities; (2) develop a comprehensive statewide policy with short-term and long-term solutions for meeting critical infrastructure needs; and (3) identify dedicated sources of funding and methods to leverage private capital, including an infrastructure bank, to finance those needs.

Provides that the Commission has the powers of a joint commission under GS 120-19 and GS 120-19.1 through GS 120-19.4. Specifies what the Commission is authorized to do in conducting its duties. Directs the Commission to report annually by April 1 to the chairs of the House of Representatives and Senate Appropriations,  the House of Representatives and Senate Finance Committees, and to the Governor. Provides that a report may contain any legislation needed to implement a recommendation of the Commission.