Bill Summary for S 110 (2015-2016)
Printer-friendly: Click to view
Summary date:
Feb 24 2015
Bill Information:
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 Rabon, Harrington, Meredith.
View: All Summaries for Bill | Tracking: |
Bill summary
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.