AN ACT to provide funding for the NC Motorsports testing and research complex AND TO ADJUST THE US 17 INTRASTATE SYSTEM PROJECT.

The General Assembly of North Carolina enacts:

SECTION 1.  If House Bill 1414, 2004 Regular Session, becomes law, then Section 2.2(a) of House Bill 1414 is amended by rewriting the entry in the chart for:
(1)	Credit to Repairs and Renovations Reserve Account to read:
"Credit to Repairs and Renovations
Reserve Account	(76,797,361)";
(2)	Beginning Unreserved Credit Balance FY 2004‑2005 to read:
	"Beginning Unreserved Credit Balance FY
2004‑2005	273,200,829";
(3)	Total General Fund Availability to read:
"Total General Fund Availability	15,925,812,166";
(4)	Revised General Fund Availability for 2004‑2005 Fiscal Year to read:
"Revised General Fund Availability for 
2004‑2005 Fiscal Year	15,918,359,528";
and
(5)	Less: Total General Fund Appropriations for 2004‑2005 Fiscal Year to read:
	"Less: Total General Fund Appropriations
for 2004‑2005 Fiscal Year	(15,918,359,528)".
SECTION 2.  If House Bill 1414, 2004 Regular Session, becomes law, then Section 2.2(f) of S.L. 2003‑284, as rewritten by Section 2.2.(b) of House Bill 1414, reads as rewritten:
"SECTION 2.2.(f)  Notwithstanding G.S. 143‑15.2 and G.S. 143‑15.3A, the State Controller shall transfer seventy‑six million seven hundred ninety‑seven thousand three hundred sixty‑one dollars ($76,797,361) from the unreserved credit balance to the Repairs and Renovations Reserve Account on June 30, 2004. This subsection becomes effective June 30, 2004."
SECTION 3.  If House Bill 1414, 2004 Regular Session, becomes law, then Section 32.1 of House Bill 1414 reads as rewritten:
"SECTION 32.1.  There is appropriated from the General Fund for the 2004‑2005 fiscal year the following amount for capital improvements:

Capital Improvements ‑ General Fund	2004‑2005
	
Department of Commerce – State Ports Authority	
	Wilmington Port Replace Crane Rail 	2,000,000
	Radio Island Development and Improvements	2,000,000

Department of Environment and Natural Resources	
	Water Resources Development Projects	26,492,000

North Carolina Museum of Art	
	Expansion Planning Funds	2,200,000

University of North Carolina System	
	Center for Design Innovation	2,000,000
	Winston‑Salem State University – Dept Life Sciences	2,000,000
	UNC‑Greensboro and NC A&T Millennium Campus	4,000,000
	NC Motor Sports Testing and Research Complex	4,000,000
	UNC‑Wilmington – School of Nursing	500,000

TOTAL CAPITAL IMPROVEMENTS – GENERAL
FUND		45,192,000"
SECTION 4.  G.S. 136‑179 reads as rewritten:
"§ 136‑179.  Projects of Intrastate System funded from Trust Fund.
Funds allocated from the Trust Fund for the Intrastate System may be used only for the following projects of the Intrastate System:
Route	Improvements	Affected Counties
…
US‑17	Complete 4‑laning from	Camden, Pasquotank,
Virginia Line to South	Perquimans, Chowan,
Carolina Line (including	Bertie, Martin,
Washington, New Bern,	Beaufort, Craven,
Hampstead from Military	Jones, Onslow
Cutoff Road in New	Pender, New Hanover
Hanover County to US 17	Brunswick
north of Hampstead,
and Jacksonville	
Bypasses)
…"
SECTION 5.  This act becomes effective July 1, 2004.
In the General Assembly read three times and ratified this the 18th day of July, 2004.

	s/	 Marc Basnight
	 President Pro Tempore of the Senate

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

	s/	 Michael F. Easley
	 Governor

Approved 11:48 a.m. this 11th day of August, 2004