Title: House Bill 579-First Edition
Category: Introduced Bill 2005

General Assembly of North Carolina	Session 2005

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2005
H	1
HOUSE BILL 579

Short Title:	Limit Transfers From Highway Trust Fund. | (Public)
Sponsors: | Representatives McMahan, Dockham (Primary Sponsors);  Almond, Barnhart, Blust, Brown, Capps, Cleveland, Culp, Current, Daughtridge, Daughtry, Dollar, Folwell, Frye, Gillespie, Gulley, Holloway, Holmes, Langdon, LaRoque, Lewis, McGee, Ray, Rhodes, Setzer, Stam, Starnes, Steen, Vinson, Walend, Walker, West, Wiley, and Wilson.
Referred to: | Appropriations.
March 10, 2005

A BILL TO BE ENTITLED
AN ACT to prohibit the transfer of more than one hundred seventy million dollars per year from the highway trust fund to the general fund.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 105‑187.9(b) reads as rewritten:
"(b)	Transfer. – In each fiscal year the State Treasurer shall transfer the amounts provided below from the taxes deposited in the Trust Fund to the General Fund. The transfer of funds authorized by this section may be made by transferring one‑fourth of the amount at the end of each quarter in the fiscal year or by transferring the full amount annually on July 1 of each fiscal year, subject to the availability of  revenue, the sum of one hundred seventy million dollars ($170,000,000).		"
SECTION 2.  This act becomes effective July 1, 2005.

Page 	 	House Bill 579-First Edition

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