AN ACT requiring the motor fleet management division to use Best MANAGEMENT practices in operating the central motor pool, to use a formula to determine the most cost‑effective replacement of VEHICLES, AND to report semiannually to the General ASSEMBLY on the cost savings resulting FROM use of the formula.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 143‑341(8)i.4. reads as rewritten:
"§ 143‑341.  Powers and duties of Department.
The Department of Administration has the following powers and duties:
…
(8)	General Services:
…
i.	To establish and operate a central motor pool and such subsidiary related facilities as the Secretary may deem necessary, and to that end:
…
4.	To maintain, store, repair, dispose of, and replace state‑owned motor vehicles under the control of the Department, using best management practices. The Department shall ensure that state‑owned vehicles are replaced when most cost effective using a replacement formula developed by the Department and reviewed periodically for appropriateness of use. The Department shall report semiannually to the cochairs of the Joint Appropriations Subcommittee on General Government, on or before October 15 and March 15, on the effect of any new or revised replacement formula on the cost of operating the central motor pool, including the amount of any savings from use of any new or revised replacement formula."

SECTION 2.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 2nd day of June, 2003.

	s/	 Beverly E. Perdue
	 President of the Senate

	s/	 Richard T. Morgan
	 Speaker of the House of Representatives

	s/	 Michael F. Easley
	 Governor

Approved 10:06 a.m. this 12th day of June, 2003