A BILL TO BE ENTITLED
AN ACT to authorize the department of transportation to receive funds from local governments to advance the construction schedule of tip projects.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 136‑18 is amended by adding a new subdivision to read:
"(38)	To enter into agreements with municipalities, counties, governmental entities, or nonprofit corporations to receive funds for the purpose of advancing the construction schedule of a project identified in the Transportation Improvement Program. If these funds are subject to repayment by the Department, prior to receipt of funds, reimbursement of all funds received by the Department shall be shown in the existing Transportation Improvement Program and shall be reimbursed within seven years of receipt."
SECTION 2.  This act is effective when it becomes law.