North Carolina 2025 Session Status: In Committee 4 R cosponsors

SB 862 — STIP Grant Anticipation Notes.

Last action — Passed 1st Reading

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced April 28, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 22% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (4 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

14 added · 15 removed

Plain-language change summary

The updated version of Senate Bill 862 makes some adjustments to the language regarding local government funding and the State's involvement in project financing. Specifically, it clarifies that certain terms necessary for compliance will be determined by the Department of Transportation and removes some redundant phrases. These changes streamline the bill and ensure that local governments have clear guidance on financial practices related to state-funded projects, which is important for effective financial planning and accountability.

→
Previous
Latest
FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Apr 28, 2026 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 862 Short Title:
862 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS45468-MCf-106B Short Title:
A BILL TO BE ENTITLED AN ACT TO AUTHORIZE A LOCAL GOVERNMENT TO BORROW MONEY FOR THE PURPOSE OF ACCELERATING A LOCAL TRANSPORTATION PROJECT THAT IS IDENTIFIED FOR FUNDING UNDER THE STATE TRANSPORTATION IMPROVEMENT PROGRAM (STIP).
Rules and Operations of the Senate April 29, 2026 A BILL TO BE ENTITLED AN ACT TO AUTHORIZE A LOCAL GOVERNMENT TO BORROW MONEY FOR THE PURPOSE OF ACCELERATING A LOCAL TRANSPORTATION PROJECT THAT IS IDENTIFIED FOR FUNDING UNDER THE STATE TRANSPORTATION IMPROVEMENT PROGRAM (STIP).
Grant anticipation notes under this subsection shall mature not later than 12 monthsaftertheestimatedcompletiondateofsuchcapitalprojectasdeterminedbythegoverning body of the unit of local government and may be renewed from time to time, but no renewal shall mature later than 12 months after the estimated completion date of such capital project.
Grant anticipation notes under this subsection shall mature not later than 12 monthsaftertheestimatedcompletiondateofsuchcapitalprojectasdeterminedbythegoverning body of the unit of local government and maybe renewed from time to time, but no renewal shall mature later than 12 months after the estimated completion date of such capital project.
(a1) A unit of local government is authorized to borrow money for the purpose of paying appropriations made for a capital project identified for funding as a State Transportation Improvement (STI) regional impact or division need project under Article 14B of Chapter 136 of the General Statutes (STIP project) in anticipation of the receipt of such funding from the State or the United States or any agencies of either and to issue its negotiable notes in evidence thereof.
(a1) A unit of local government is authorized to borrow money for the purpose of paying appropriations made for a capital project identified for funding as a State Transportation Improvement (STI) regional impact or division need project under Article 14B of Chapter 136 of the General Statutes (STIP project) in anticipation of the receipt of such fundingfrom the State or the United States or anyagencies of either and to issue its negotiable notes in evidence thereof.
*DRS45468-MCf-106B* General Assembly Of North Carolina Session 2025 (5) Funding expected, source of funding, revenue forecasts that support funding assumptions, and expected final installment funding date.
*S862-v-1* General Assembly Of North Carolina Session 2025 (5) Funding expected, source of funding, revenue forecasts that support funding assumptions, and expected final installment funding date.
(7) Anyotherterms theDepartment ofTransportation deems necessary to comply with federal law and to ensure (i) any State funds transferred to the unit of local government for repayment of a note under this subsection will not exceed the local portion of the nonfederal share of the cost of the project and (ii) that State funds either flow back to the unit of local government for repayment of the note or are used directly to repay the note.
(7) Anyother terms theDepartment ofTransportation deems necessaryto comply with federal law and to ensure (i) any State funds transferred to the unit of local government for repayment of a note under this subsection will not exceed the local portion of the nonfederal share of the cost of the project and (ii) that State funds either flow back to the unit of local government for repayment of the note or are used directly to repay the note.
(b) No Except as provided in subsection (b1) of this section, no grant anticipation note under subsection (a) of this section may be issued if the amount thereof, together with the amount of all other notes authorized or issued in anticipation of the same grant commitment, shall exceed exceeds ninety percent (90%) of the unpaid amount of said grant commitment.
(b) No Except as provided in subsection (b1) of this section, no grant anticipation note under subsection (a) of this section maybe issued if the amount thereof, together with the amount of all other notes authorized or issued in anticipation of the same grant commitment, shall exceed exceeds ninety percent (90%) of the unpaid amount of said grant commitment.
The Department of the Treasurer, in consultation Page 2 DRS45468-MCf-106B General Assembly Of North Carolina Session 2025 with the Department of Transportation, shall adopt rules as necessary that are consistent with the purposes of Section 1 of this act and Article 4 of Chapter 159 of the General Statutes.
The Department of the Treasurer, in consultation Page 2 Senate Bill 862-First Edition General Assembly Of North Carolina Session 2025 with the Department of Transportation, shall adopt rules as necessary that are consistent with the purposes of Section 1 of this act and Article 4 of Chapter 159 of the General Statutes.
DRS45468-MCf-106B Page 3
Senate Bill 862-First Edition Page 3
⬇ Download PDF
View plain text versions (2)

Action History

  1. Passed 1st Reading

  2. Ref To Com On Rules and Operations of the Senate

  3. Filed

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 3 co-sponsors · 175 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (175)

175 members have not signed on to this bill.

Show all 175 →

"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 SB 862?
SB 862 is sponsored by Jim Burgin (Republican), Michael A. Lazzara (Republican), Vickie Sawyer (Republican), and Dana Jones (Republican).
What is the current status of SB 862?
This bill is in committee in the Senate. Introduced April 28, 2026. It must pass committee before a floor vote.
Where can I track SB 862?
Track SB 862 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 862

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 862

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →