A BILL TO BE ENTITLED AN ACT TO STRENGTHEN THE ECONOMY THROUGH STRATEGIC TRANSPORTATION INVESTMENTS.
Senate committee substitute to the 7th edition makes the following changes.
Amends GS 136-189.10 as follows. Amends the definition of regional impact projects to (1) include rail lines spanning two or more counties not included as a statewide strategic mobility project (was, freight capacity and safety improvements to rail corridors spanning two or more counties not included as a statewide strategic mobility project) and (2) adds public transportation services that span two or more counties and that serve more than one municipality; such expenditures must not exceed 10% of any distribution region allocation. Amends the definition of division needs projects to (1) include rail lines not included as a statewide strategic mobility project or a regional impact project (was, freight capacity and safety improvements to rail corridors not included as a statewide strategic mobility project or a regional impact project) , (2) include public transportation service not included as a statewide strategic mobility project or a regional impact project (was, public transportation service improvements, facilities, and equipment), and (3) adds multimodal terminals and stations serving passenger transit systems.
Amends GS 136-189.11 to add federal state Planning and Research Program funds to those that are excluded from the transportation investment strategy formula.
Amends the bicycle and pedestrian limitation to provide that it does not apply to funds authorized for projects in the State Transportation Improvement Program scheduled for construction as of October 1, 2013, in state fiscal year 2012-13, 2013-14, or 2014-15.
Amends GS 136-18 to add that any contract for the development, construction, maintenance, or operation of a project must provide for revenue sharing between the private party and the Department of Transportation and revenues derived from such project may be used as specified. Also provides that agreements must meet the requirement that before setting toll rates, the private entity must hold a public hearing on the toll rates, including an explanation of the toll setting method. Requires reporting to the Turnpike Authority Board 30 days before increasing toll rates or changing the method for setting the toll.
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