As the title indicates. Sets out the schedule for reducing the total amount of funds transferred each fiscal year from the Highway Fund to the General Fund, making a reduction of $49,145,745.25 in recurring funds in each of the following fiscal years: 2017-18, 2018-19, 2019-20, and 2020-21. Subsequent to the reduction in fiscal year 2020-21, eliminates the transfer of funds from the Highway Fund to the General Fund except for transfers required by statute.
PHASE OUT CERTAIN HF TRANSFERS.
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| View NCGA Bill Details(link is external) | 2015-2016 Session |
AN ACT TO PHASE OUT THE TRANSFER OF FUNDS FROM THE HIGHWAY FUND TO THE GENERAL FUND.Intro. by Bumgardner.
Status: Ref to the Com on Transportation, if favorable, Appropriations (House Action) (Feb 11 2015)
Bill History:
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Tue, 10 Feb 2015 House: Filed(link is external)
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Wed, 11 Feb 2015 House: Passed 1st Reading(link is external)
H 67
Bill Summaries:
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Bill H 67 (2015-2016)Summary date: Feb 10 2015 - View Summary
View: All Summaries for Bill
Identical to S 110, filed 2/24/15.