North Carolina 2017-2018 Session Status: Died Bipartisan · 2 D · 1 R cosponsors

HB 220 — State Infrastructure Bank Revisions.

Last action — Reptd Fav Com Substitute

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 2017-2018 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

63 added · 65 removed

Plain-language change summary

The latest version of HB 220 includes new language that allows the Department of Transportation to create a transportation infrastructure banking program. This program will enable the Department to administer federal funds and provide loans to government units for transportation projects, such as roads and possibly aviation projects. This change matters because it aims to improve financing for critical infrastructure, helping to ensure that transportation needs are met more effectively in the state.

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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2017 H 2 HOUSE BILL 220 Committee Substitute Favorable 4/19/17 Short Title:
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2017 H 1 HOUSE BILL 220 Short Title:
Representative Torbett.
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
March 2, 2017 A BILL TO BE ENTITLED AN ACT TO EXPAND THE PURPOSES FOR WHICH FUNDS FROM THE STATE INFRASTRUCTURE BANK MAY BE USED AND TO CREATE AN OVERSIGHT BOARD FOR THE STATE INFRASTRUCTURE BANK, AS RECOMMENDED BY THE HOUSE SELECT COMMITTEE ON STRATEGIC TRANSPORTATION PLANNING AND LONG TERM FUNDING SOLUTIONS.
Transportation, if favorable, Finance March 2, 2017 A BILL TO BE ENTITLED AN ACT TO EXPAND THE PURPOSES FOR WHICH FUNDS FROM THE STATE INFRASTRUCTURE BANK MAY BE USED AND TO CREATE AN OVERSIGHT BOARD FOR THE STATE INFRASTRUCTURE BANK, AS RECOMMENDED BY THE HOUSE SELECT COMMITTEE ON STRATEGIC TRANSPORTATION PLANNING AND LONG TERM FUNDING SOLUTIONS.
– Except as otherwise prohibited under federal law, the infrastructure banking program established under subsection (a) of this section may utilize available federal and State funds for the purpose of providing loans or other financial assistance to governmental units, including toll authorities, to finance the costs of transportation projects, including aviation projects.
– Except as otherwise prohibited under federal law, the infrastructure banking program established under subsection (a) of this section may utilize available federal and State funds for the purpose of providing loans or other financial assistance to governmental units, including toll authorities, to finance the costs of transportation projects.
Loans or other financial assistance provided under this subsection shall be subject to repayment and conditioned upon the establishment of any security and the payment of any fees and interest rates deemed necessary by the Department.
Loans or other financial assistance provided under this subsection shall be subject to repayment and conditioned upon the establishment of any security and the payment of any fees and interest rates required by this subsection deemed necessary by the Department or required by this subsection and deemed necessary by the Department.
The Department is authorized to apply a *H220-v-2* General Assembly Of North Carolina Session 2017 municipality's share of funds allocated under G.S.
The Department *H220-v-1* General Assembly Of North Carolina Session 2017 is authorized to apply a municipality's share of funds allocated under G.S.
Page 2 House Bill 220-Second Edition General Assembly Of North Carolina Session 2017 (h) Reports.
Page 2 House Bill 220-First Edition General Assembly Of North Carolina Session 2017 (h) Reports.
House Bill 220-Second Edition Page 3
House Bill 220-First Edition Page 3
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Action History

  1. Reptd Fav Com Substitute

  2. Re-ref Com On Finance

  3. Passed 1st Reading

  4. Ref to the Com on Transportation, if favorable, Finance

  5. Filed

Sponsors

Sponsorship breakdown

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0 sponsors · 7 co-sponsors · 172 not signed on

Sponsors (0)

None.

Co-sponsors (7)

Not signed on (172)

172 members have not signed on to this bill.

Show all 172 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance transportation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 220?
HB 220 is sponsored by Wray, Shelly Willingham (Democratic), John A. Torbett (Republican), Robert T. Reives, II (Democratic), Floyd, Farmer-Butterfield, and B. Richardson.
What is the current status of HB 220?
This bill died with 2017-2018 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 220?
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