A BILL TO BE ENTITLED
AN ACT to allow the department of transportation to enter into agreements with the local governments to expedite connecting roads between an Interstate and another mode of transportation.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 136‑66.8 reads as rewritten:
"§ 136‑66.8.  Agreements with units of local government to expedite projects.
(a)	Agreements Authorized. – The Department of Transportation may enter into agreements with units of local government for the purpose of expediting transportation projects currently programmed in the Transportation Improvement Plan or on a street or highway that connects an interstate highway with another mode of transportation such as an international airport, international port, train terminus, or a multimodal transportation facility. 
(b)	Form of Agreements. – The agreements affected by this section shall be between the Department of Transportation and units of local government. The agreements may authorize units of local government to construct projects scheduled in the Transportation Improvement Plan more than two years from the date of the agreement. The units of local government shall fund one hundred percent (100%) of the project at current prices. In a future year, when the project is funded from State and federal sources, the units of local government shall be reimbursed an appropriate share of the funds, at the future programmed project funding amount, as identified and scheduled in the Transportation Improvement Plan. If the agreement is for a connector road between modes of transportation, the Department and the unit of local government may determine the terms of the agreement except that units of local government shall fund one hundred percent (100%) of the project at current prices. In a future year, when the project is funded from State or federal sources, the units of local government shall be reimbursed an appropriate share of the funds, at a funding amount not to exceed the actual cost of the agreed project.
(c)	Report. – The Department of Transportation shall report to the Joint Legislative Transportation Oversight Committee by December 1, 2007, on any agreements executed with units of local government pursuant to this section and by December 1 each year thereafter."
SECTION 2.  This act is effective when it becomes law.