Bill Summary for H 501 (2017-2018)

Summary date: 

Jun 28 2017

Bill Information:

View NCGA Bill Details2017-2018 Session
House Bill 501 (Public) Filed Tuesday, March 28, 2017
AN ACT TO REQUIRE THE DEPARTMENT OF TRANSPORTATION TO INCLUDE SURVEYING INFORMATION IN ANY PLANS PREPARED FOR THE PURPOSE OF ACQUIRING CERTAIN PROPERTY RIGHTS, TO MAKE CHANGES TO THE DEPARTMENT OF TRANSPORTATION RESIDUE PROPERTY DISPOSAL PROCEDURE, AND TO MODIFY THE FINANCIAL RESPONSIBILITY LIMITS FOR TAXICABS.
Intro. by Brody.

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Bill summary

Senate amendment makes the following changes to the 2nd edition.

Amends the long title.

Amends GS 20-280 (Filing proof of financial responsibility with governing board of municipality or county). Amends the definition ofproof of financial responsibility to raise the required limit on an insurance policy for each vehicle required to be insured under that statute from $30,000 to $100,000 for bodily injury or death to one person, from $60,000 to $300,000 for death or bodily injury to two or more people, and from $25,000 to $50,000 for injury to or destruction of property (however, the amendment retains the figures concerning the current $25,000 limit). Deletes the provisions deeming every person, firm, or corporation who engages in the taxicab business who is a member of a trust fund or sinking fund, as specified, to be in compliance with the financial responsibility provisions of this section, and the exception to that provision.

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