N.C. Gen. Stat. § 136-89.192
Applicability of formula
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
Only those funds applied to a Turnpike Project from the State Highway Fund, State Highway Trust Fund, or federal-aid funds that might otherwise be used for other roadway projects within the State, and are otherwise already subject to the formula under G.S. 136-189.11 shall be included in the formula.
Only those funds applied to a Turnpike Project from the State Highway Fund, State Highway Trust Fund, or federal-aid funds that might otherwise be used for other roadway projects within the State, and are otherwise already subject to the formula under G.S. 136-189.11 shall be included in the formula.
Other revenue from the sale of the Authority's bonds or notes, project loans, or toll collections shall not be included in the formula.
Other revenue from the sale of the Authority’s bonds or notes, project loans, or toll collections shall not be included in the formula.
History
(2002-133, s. 1; 2013-183, s. 4.6; 2013-360, s. 34.30.)
Effect of Amendments. - Session Laws 2013-183, s. 4.6, effective July 1, 2013, substituted "Applicability of" for "Equity distribution" in the section heading; deleted "distribution" preceding "formula" throughout; and substituted "G.S. 136-189.11" for "G.S. 136-17.2A" in the first paragraph.
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.