GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

S	1 

SENATE BILL 1176

Short Title:  Historic Spencer Shops Funds.	(Public)
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Sponsors: Senators Smith, Cochrane, Plyler, and Daniel.
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Referred to:  Capital Expenditures and Improvements.
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May 17, 1993

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO THE NORTH CAROLINA TRANSPORTATION HISTORY CORPORATION, INC., FOR RESTORATION AT HISTORIC SPENCER SHOPS.
Whereas, the Historic Spencer Shops is operated by the North Carolina Department of Cultural Resources as one of 25 State historic sites; and
Whereas, the North Carolina Transportation History Corporation, Inc., since the site's inception has provided funds for programs, restoration, and other improvements at Historic Spencer Shops; and
Whereas, this private nonprofit organization has secured a commitment of $4.5 million for restoration of the historic Roundhouse and other buildings at Historic Spencer Shops from the federal Intermodal Surface Transportation Efficiency Act (ISTEA); and
Whereas, the Corporation must raise over $1.1 million to match the federal ISTEA funds; and
Whereas, federal funds will match State funds at a ratio of four federal dollars for every State dollar; and
Whereas, it is appropriate for the State of North Carolina to provide funds to assist in the restoration of this State historic site;  Now, therefore,
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to the North Carolina Transportation History Corporation, Inc., the sum of two hundred fifty thousand dollars ($250,000) for the 1993-94 fiscal year to assist in matching federal dollars for restoration of Historic Spencer Shops.
Sec. 2.  This act becomes effective July 1, 1993.