Bill Summary for H 572 (2023-2024)

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Summary date: 

Apr 27 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 572 (Public) Filed Wednesday, April 5, 2023
AN ACT TO ESTABLISH A JOINT LEGISLATIVE STUDY COMMISSION TO STUDY THE FEASIBILITY OF ESTABLISHING A STATE INFRASTRUCTURE BANK TO SUSTAINABLY FINANCE INFRASTRUCTURE PROJECTS AND DRIVE ECONOMIC GROWTH IN THE STATE.
Intro. by Harris, Howard.

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Bill summary

House committee substitute amends the 1st edition as follows.

Requires the member of the Commission to Study the Feasibility of Establishing a State Infrastructure Bank (Commission) who is a representative from the Office of State Budget and Management be designated by the State Budget Director. Regarding the required issues to study, no longer specifies that the listed issues are not exhaustive. No longer specifies as non-exhaustive the lists of elements to study with regards to the Commission's examination for structuring the State Infrastructure Bank's organization or options for integrating the State Infrastructure Bank model into the existing State financial resource network. Terminates the Commission upon the earlier of December 31, 2024, or upon filing its final report.