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North Carolina Legislature Advances Bill That Would Offer Funding Tool for Highway Projects

June 19, 2018

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The North Carolina legislature recently passed a bill that would provide a financing tool to support highway projects.

The bill, called the Build North Carolina Bond Act, passed through the House June 12 and now goes to the governor’s desk.

Build NC, as the legislation is known, establishes a funding mechanism through which the North Carolina Department of Transportation could access debt capacity within the state Highway Trust Fund to finance road projects within regions and divisions. There are seven regions in the state, and each comprises two divisions.

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