Amends GS 136-82, concerning the management of the ferry system in North Carolina, repealing the Board of Transportation’s (BOT) authority to establish and revise tolls on ferry routes as specified.

Further eliminates all ferry tolls as of the effective date of this act, requiring the BOT to expeditiously repeal regulations concerning the collection of ferry tolls, and refund other collected payments or tolls as specified. Makes conforming changes.

Amends GS 7A-312(a), making conforming changes concerning the exemption for summoned jurors to pay ferry tolls for that service, reflecting the elimination of ferry tolls.

Repeals GS 136-189.11(b)(8), making conforming deletions concerning ferry tolls being excluded from the Transportation Investment Strategy Formula.

Appropriates, beginning in the 2016-17 fiscal year, $23.095 million in recurring funds from the Highway Fund to the Ferry Division of the Department of Transportation for the replacement of ferry vessels. Effective July 1, 2016.