Bill Summary for H 817 (2013-2014)

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Summary date: 

Apr 15 2013
S.L. 2013-183

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 817 (Public) Filed Wednesday, April 10, 2013
A BILL TO BE ENTITLED AN ACT TO STRENGTHEN THE ECONOMY THROUGH STRATEGIC TRANSPORTATION INVESTMENTS.
Intro. by W. Brawley, Torbett, Iler, Shepard.

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Bill summary

Amends GS 136-18 to give the Department of Transportation the power to issue bonds or other eligible debt financing instruments to finance highway projects using state transportation appropriations to pay a portion of principal, interest, and related debt issuance costs. Caps the annual principal and interest of such debt at $300 million of the expected average annual state revenue shown for the period in the most recently issued work plan.