Compiled by Fetzer Strategic Partners

DOT Bill Passes Senate 

HB 198 passed the Senate today and has provisions important to CRMCA membership– namely the  repeal of the cash balance requirement that has prevented DOT from issuing the remainder of the  original $3B in Build NC bonds that were first authorized in 2018. There is $1.7B remaining in NC Build  bonds to issue.  

Also of note is an increase to the toll road processing fees for those failing to pay tolls in a timely manner.  The fee has been raised from $6 to $9 (with a $72 total cap per year). This increase is expected to bring  an additional $37M to the NC Turnpike Authority over the next five years.  

HB 198 now proceeds to the House for a concurrence vote.  

Infrastructure Financing Bill Advances in House 

HB 912, the 2024 UNC Self-Liquidating Capital Projects, passed first reading in the House and authorizes  the financing of four, large projects at public universities: 

  1. ECU – Jones Hall/Legacy Hall $60,000,000 renovation 2. Fayetteville State University $6,000,000 dormitories 3. UNC-CH $102,600,000 chilled water infrastructure  $205,600,000 research building 
  2. UNC-W $97,400,000 building acquisition Second Primary

Results from yesterday’s Republican second primary (runoff): 

  • Hal Weatherman will be the Republican nominee for Lt. Governor and will face Democrat  Senator Rachel Hunt in November; 
  • Dave Boliek will be the Republican nominee for State Auditor and will face Democrat Jessica  Holmes, the incumbent, in November; 
  • Republican Brad Knott will be the Republican nominee for US House District 13 and will face  Democrat Frank Pierce in November.