PHASE OUT CERTAIN HF TRANSFERS.

View NCGA Bill Details2015-2016 Session
Senate Bill 110 (Public) Filed Tuesday, February 24, 2015
AN ACT TO PHASE OUT THE TRANSFER OF FUNDS FROM THE HIGHWAY FUND TO THE GENERAL FUND.
Intro. by Rabon, Harrington, Meredith.

Status: Re-ref to Appropriations/Base Budget. If fav, re-ref to Transportation (Senate Action) (Mar 2 2015)
S 110

Bill Summaries:

  • Summary date: Feb 24 2015 - More information

    Identical to H 67, filed 2/10/15.

    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. 


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