Requires the Department of Transportation (DOT) to terminate the Comprehensive Agreement for the I-77 HOT Lanes project in Mecklenburg and Iredell counties. Specifies that "Comprehensive Agreement" means the Comprehensive Agreement dated as of June 26, 2014, including any amendments made to the agreement as of the effective date of this act. The State is not relieved from paying damages or other monetary penalties owed from the early termination of the agreement. Provides that if damages or monetary penalties are owed by the state because of the cancellation, then DOT must pay the amounts from unobligated funds available to DOT. Effective July 1, 2016.