A BILL TO BE ENTITLED
AN ACT to provide gap funding of eighteen million dollars a year for thirty‑nine years to aid in the construction of Interstate 540 and the TRIANGLE parkway.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund the sum of eighteen million dollars ($18,000,000) to the North Carolina Turnpike Authority, for use by the Authority, to manage debt service on any bonds issued to secure funds for the completion of the western portion of the Raleigh Outer Loop and the Triangle Parkway.  These funds shall be a recurring appropriation for thirty‑nine years or until such bond or bonds are paid in full by the Authority.
SECTION 2.  This act becomes effective July 1, 2007.