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  • Summary date: Apr 27 2023 - View Summary

    House committee substitute amends the 1st edition as follows.

    Requires the member of the Commission to Study the Feasibility of Establishing a State Infrastructure Bank (Commission) who is a representative from the Office of State Budget and Management be designated by the State Budget Director. Regarding the required issues to study, no longer specifies that the listed issues are not exhaustive. No longer specifies as non-exhaustive the lists of elements to study with regards to the Commission's examination for structuring the State Infrastructure Bank's organization or options for integrating the State Infrastructure Bank model into the existing State financial resource network. Terminates the Commission upon the earlier of December 31, 2024, or upon filing its final report.

  • Summary date: Apr 5 2023 - View Summary

    Establishes the 17 member Commission to Study the Feasibility of Establishing a State Infrastructure Band (Commission) to study how the creation of such a bank could strengthen economic and community development, provide financial resources for infrastructure projects, and leverage State, federal, and private resources to address the need for access to sustainable financial assistance for projects that will contribute to economic growth, job creation, and support of local communities in the State. Sets out membership requirements. Provides for filling vacancies, establishing a quorum, meeting space, staffing, and compensation. Requires the Commission to hold at least five public meetings in distinct geographic regions of the State. Sets out 11 issues the Commission must study, at a minimum, including: providing financing for infrastructure related to housing development, public works infrastructure, educational infrastructure, student loans, and community quality of life projects; providing capital for continued expansion of the State's transportation, environmental, energy, and telecommunications infrastructure; examine various administrative and operational structures for organizing a State Infrastructure Bank; and the extent to which the State Infrastructure Bank should be allowed to compete with banking establishments operating in North Carolina. Allows the Commission to make an interim report to the 2024 Regular Session of the NCGA prior to its convening and requires a final report by the end of that session.