Bill Summary for H 1011 (2017-2018)
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Summary date:
May 24 2018
Bill Information:
| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO CLARIFY THAT NET PROCEEDS FROM THE SALE OF LAND OR FACILITIES PURCHASED WITH FUNDS FROM THE STATE HIGHWAY FUND ARE TO BE DEPOSITED INTO THE STATE HIGHWAY FUND, AS RECOMMENDED BY THE HOUSE SELECT COMMITTEE ON STRATEGIC TRANSPORTATION PLANNING AND LONG TERM FUNDING SOLUTIONS.Intro. by Torbett, Iler, Presnell, Shepard.
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Bill summary
Amends GS 146-30(c) to require that the net proceeds from the sale of land or facilities purchased with funds from the State Highway Fund be deposited into the State Highway Fund. Currently these proceeds are deposited into the General Fund.