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H 0220 - State Infrastructure Bank Revisions

Tracking Level: High
Sponsor: John Torbett (R)
Last Action: 4/19/2017 - House - Re-ref Com On Finance
House Committee: Trans
Assigned To:
BudgetNext Bill
Economic DevelopmentNext Bill
NCLM GoalNext Bill
TransportationNext Bill

Staff Analysis of the Legislation

Creates a new legal structure into which the General Assembly may direct federal and state dollars, for the purpose of lending to local governments to finance transportation projects. The infrastructure bank would function as a revolving loan fund, with interest payments accruing and being re-loaned over time. Creates an oversight board of state transportation, commerce, and budget officials to oversee the lending practices of the bank. (version 1)

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text