GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1991

S	1 

SENATE BILL 467

Short Title:  Trust Fund Administrative Expenses.	(Public)
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Sponsors: Senator Goldston.
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Referred to:  Appropriations.
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April 2, 1991

A BILL TO BE ENTITLED
AN ACT TO REDUCE THE AMOUNT OF HIGHWAY TRUST FUND REVENUE THAT CAN BE USED FOR ADMINISTRATIVE EXPENSES.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 136-176(b) reads as rewritten:
"(b)	Funds in the Trust Fund are annually appropriated to the Department of Transportation to be allocated and used as provided in this subsection.  A sum, not to exceed four and one-half percent (4 1/2%) of the amount of revenue deposited in the Trust Fund under subdivisions (a)(1), (2), and (3) of this section, may be used each fiscal year by the Department for expenses to administer the Trust Fund.  The rest of the funds in the Trust Fund shall be allocated and used as follows:
(1)	Sixty-one and ninety-five hundredths percent (61.95%) to plan, design, and construct the projects of the Intrastate System described in G.S. 136-179.
(2)	Twenty-five and five hundredths percent (25.05%) to plan, design, and construct the urban loops described in G.S. 136-180.
(3)	Six and one-half percent (6.5%) to supplement the appropriation to cities for city streets under G.S. 136-181.
(4)	Six and one-half percent (6.5%) for secondary road construction as provided in G.S. 136-182."
Sec. 2.  This act becomes effective July 1, 1991.