GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2007

S                                                                                                                                                    D

SENATE DRS65115-MA-187  (2/28)

Short Title:     Reconstruction Funds I-40/No Equity Fund.		(Public)
Sponsors:	Senator Atwater.
Referred to:

A BILL TO BE ENTITLED

AN ACT to exempt funds expended to reconstruct that portion of Interstate 40 from N.C. HIGHWAY 147 to U.S. 15‑501 in durham COUNTY from the equity formula for the highway trust fund.

The General Assembly of North Carolina enacts:

SECTION 1.  Of the funds for general maintenance appropriated to the Department of Transportation, up to eighteen million six hundred thousand dollars ($18,600,000) shall be used to reconstruct and repair, due to design flaws, that portion of Interstate 40 from N.C. Highway 147 to U.S. 15‑501 located in Durham County.  The reconstruction of this portion of Interstate 40 shall have no bearing on the allocation of funding for any Division based on the equity formula for the Highway Trust Fund.

SECTION 2.  This act is effective when it becomes law.