N.C. Gen. Stat. § 136-44.39
Department to provide State and federal financial assistance to short-line railroads
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
The Department of Transportation is authorized to provide assistance to short-line railroads to continue and enhance common carrier rail service in the State so as to assist in economic development and access to ports and military installations. Assistance under this section may include funds from the Rail Industrial Access Program, the Short Line Infrastructure Access Program, and any other programs that may exist or be established for these purposes. Grants under this section shall not exceed fifty percent (50%) of the nonfederal share and must be matched by equal or greater funding from the applicant.
The Department of Transportation is authorized to provide assistance to short-line railroads to continue and enhance common carrier rail service in the State so as to assist in economic development and access to ports and military installations. Assistance under this section may include funds from the Rail Industrial Access Program, the Short Line Infrastructure Access Program, and any other programs that may exist or be established for these purposes. Grants under this section shall not exceed fifty percent (50%) of the nonfederal share and must be matched by equal or greater funding from the applicant.
History
(2011-145, s. 28.13; 2016-94, s. 35.21(b).)
Effect of Amendments. - Session Laws 2016-94, s. 35.21(b), effective July 1, 2016, in the section, inserted "common carrier" in the first sentence and substituted "include funds from the Rail Industrial Access Program" for "involve both the Rail Industrial Access Program and" and substituted "and any other programs that may exist or be established for these purposes" for "as well as other innovative programs" in the second sentence.
§§ 136-44.40 through 136-44.49: Reserved for future codification purposes.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.