Bill Summary for H 267 (2013-2014)
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View NCGA Bill Details | 2013-2014 Session |
AN ACT TO AMEND LAWS GOVERNING CAPTIVE INSURANCE COMPANIES AND RISK RETENTION GROUPS, AS RECOMMENDED BY THE DEPARTMENT OF INSURANCE.Intro. by Collins, Torbett, Floyd, Wray.
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Bill summary
House committee substitute makes the following changes to the 1st edition.
The 1st edition required the Turnpike Authority (Authority)to collect tolls on any existing interstate highways under specified conditions. Amends GS 136-89.198 to instead provide that the Authority may collect tolls on existing interstate highway capacity if specified conditions are met. Amends two of those conditions torequire that the Authority (1) continuously maintain the same number of general non-toll lanes on the affected segment that were availablebefore theimposition of any tolls and maintain access to non-toll lanes at all times during repairs or maintenance of non-toll lanesand (2) usethe revenue generated from the tolls to increase capacity on the portion of the interstate highway where the toll is collected.
Deletes requirement that the revenue generated from the collected tolls be used by the Authority to repair and maintain the interstate on which the tolls were collected.
Provides that the provisions of this act apply to any construction project on an existing interstate highway after the effective date of this act.
Amends the title of the act.