AN ACT TO AMEND LAWS GOVERNING CAPTIVE INSURANCE COMPANIES AND RISK RETENTION GROUPS, AS RECOMMENDED BY THE DEPARTMENT OF INSURANCE.
House committee substitutemakes the following changes to the 2nd edition.
Amends GS 136-89.198(a)(3) to amend to the conditions that must be met in order to collect tolls on existing highway capacity by directing the Turnpike Authority (Authority) to use the revenue from collected tolls to rebuild, repair, maintain, orincrease capacity on the interstate corridor on which the tolls were collected, including roads used for ingress or egress to the toll facility or roads that intersect with the toll facility, whether by ramps or separated grade facility and located within one mile in any direction. Specifies that the revenues from the tolls cannot be used to repair, maintain, or upgrade any other state primary or secondary road adjacent to or connected with the interstate highways.
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