Bill Summary for H 442 (2011-2012)

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Summary date: 

Jun 8 2011
S.L. 2011-180

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 442 (Local) Filed Wednesday, March 23, 2011
TO ALLOW THE TOWN OF DAVIDSON TO USE DESIGN-BUILD DELIVERY METHODS AND CONCERNING THE TOWN'S INVESTMENT AUTHORITY.
Intro. by T. Moore.

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Bill summary

House committee substitute makes the following changes to 1st edition. Amends process by which the Town of Cornelius is authorized to utilize design-build delivery methods to prohibit the town from requiring the design-build team to submit project design solutions, and provides that the town’s design-build authorization expires July 1, 2013. Amends the town’s investment authority to require that its investment and reinvestment of restricted or unrestricted capital reserves be consistent with any conditions provided for under GS 147-69.2(b)(1)-(6) and (8).