GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2007

S                                                                                                                                                     2

SENATE BILL 1352

Finance Committee Substitute Adopted 7/27/07

 

 

 

Short Title:     Gap Funding for Turnpike Authority.

(Public)

Sponsors:

 

Referred to:

 

March 26, 2007

A BILL TO BE ENTITLED

AN ACT to provide gap funding for projects bonded by the north carolina turnpike authority.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 20‑87(15) reads as rewritten:

"(5)      Private Passenger Vehicles. – There shall be paid to the Division annually, as of the first day of January, for the registration and licensing of private passenger vehicles, fees according to the following classifications and schedules:

Private passenger vehicles of not more than fifteen passengers........................................................................................ $28.00$36.00

Private passenger vehicles over fifteen passengers................. 31.0039.00

Provided, that a fee of only one dollar ($1.00) shall be charged for any vehicle given by the federal government to any veteran on account of any disability suffered during war so long as such vehicle is owned by the original donee or other veteran entitled to receive such gift under Title 38, section 252, United States Code Annotated. Of the registration fees collected pursuant to this subdivision, eight dollars ($8.00) shall be credited by the Division to the North Carolina Turnpike Authority to be used to provide debt service on bonds issued for Authority Projects."

SECTION 2.  G.S. 20‑88(b)(1) reads as rewritten:

"(1)      The minimum fee for a vehicle licensed under this subsection is twenty‑four dollars ($24.00)thirty‑two dollars ($32.00) at the farmer rate and twenty‑eight dollars ($28.00)thirty‑six dollars ($36.00) at the general rate. Of the registration fees collected pursuant to this subdivision, eight dollars ($8.00) shall be credited by the Division to the North Carolina Turnpike Authority to be used to provide debt service on bonds issued for Authority Projects."

SECTION 3.  This act becomes effective December 1, 2007.