Bill Summary for H 157 (2013-2014)

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Bill: LIMIT USE OF HIGHWAY FUND CREDIT BALANCE.

Summary date: 

Apr 3 2013
S.L. 2013-125

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 157 (Public) Filed Tuesday, February 26, 2013
A BILL TO BE ENTITLED AN ACT TO PROTECT THE TAXPAYERS OF NORTH CAROLINA FROM THE DIVERSION OF FUEL TAX PROCEEDS FOR NONTRANSPORTATION USES BY REQUIRING THAT THE UNRESERVED CREDIT BALANCE IN THE HIGHWAY FUND BE USED FOR ROAD-RELATED USES.
Intro. by Jeter, B. Brown, Dobson, Szoka.

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Bill summary

House committee substitute to the 1st edition makes the following changes. Amends GS 136-44.2(f)(1), Restrictions on use, to provide that funds from the unreserved credit balance in the Highway Fund being used for an "other urgent road construction or road maintenance need" project cannot be used for nontransportation administrative costs, nontransportation information technology costs, or any economic development purpose (was, cannot be used for an economic development purpose).