GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

S	1 

SENATE BILL 166

Short Title:  GPAC-Reassess Highway Trust Program.	(Public)
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Sponsors: Senator Martin of Guilford.
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Referred to:  Government Performance Audit.
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February 16, 1993

A BILL TO BE ENTITLED
AN ACT TO IMPLEMENT A RECOMMENDATION OF THE GOVERNMENT PERFORMANCE AUDIT COMMITTEE TO PROVIDE FOR MORE FREQUENT ASSESSMENT OF THE HIGHWAY TRUST FUND PROGRAM.
The General Assembly of North Carolina enacts:
Section 1.  The General Assembly finds that financial conditions and highway program priorities are constantly changing and there should be a mechanism for the periodic reassessment for the financial feasibility of the Highway Trust Fund.
Sec. 2.  G.S. 120-70.51(a) reads as rewritten:
"(a)	The Joint Legislative Highway Oversight Committee shall:
(1)	Review reports prepared by the Department of Transportation under G.S. 136-184.
(2)	Monitor the funds deposited in and expenditures from the North Carolina Highway Trust Fund and the Highway Fund.
(3)	Determine whether funds in the Trust Fund are spent in accordance with G.S. 136-17.2A and Article 14 of Chapter 136.
(4)	Determine whether any revisions are needed in the funding for a program for which funds in the Trust Fund may be used, including revisions needed to meet any statutory timetable for the program.
(5)	Report to the General Assembly at the beginning of each regular session concerning its determinations of needed changes in the funding for programs funded from the Trust Fund.
(6)	Report periodically, when changing fiscal conditions and highway priorities require, and at least every five years, on a reassessment of the justification for and the financial feasibility of construction projects funded from the Highway Trust Fund."
Sec. 3.  This act is effective upon ratification. The first report required by Section 2 of this act shall be filed prior to the first day of the 1994 Session of the General Assembly.