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HB 735 amends North Carolina's transportation funding rules to clarify state support for rail projects. It sets a 10% cap on state funds for commuter and light rail projects - limiting spending to either 10% of a regional funding allocation or 10% of the project's estimated cost. The bill also creates a new eligibility category for public transit services spanning four or more counties and serving over three municipalities. Additionally, it specifies that the state will not cover costs exceeding these funding limits, requiring project agreements to include these restrictions. The changes apply directly to regional transit authorities and developers seeking state funding for rail infrastructure.
HB 954 creates a State Critical Infrastructure and Construction Resiliency Fund to support disaster recovery and preparedness. It requires counties that experienced a Governor-declared Type I, II, or III disaster in the past three years to redirect 5% of their annual highway use tax revenue into the fund. The Governor can use these funds for new infrastructure projects and resiliency efforts in disaster-affected areas, as well as for state/local response activities following a federal disaster declaration under the Stafford Act. This directly affects eligible counties and their residents by providing dedicated resources for rebuilding and preventing future disaster impacts.