2009 North Carolina Code
Chapter 136 - Transportation.
§ 136-185. Maintenance reserve created in certain circumstances.
§ 136‑185. Maintenance reserve created in certain circumstances.
If the Highway Trust Fund has not terminated but all contracts for the projects of the Intrastate System described in G.S. 136‑179 have been let and the amount collected and allocated for the Intrastate System is enough to pay the contracts and retire any bonds issued under the State Highway Bond Act of 1996 for projects of the Intrastate System, all subsequent allocations of revenue for the Intrastate System shall be credited to a reserve account within the Trust Fund. Revenue in this reserve may be used only to maintain the projects of the Intrastate System.
If the Highway Trust Fund has not terminated but all contracts for the urban loops described in G.S. 136‑180 have been let and the amount collected and allocated for the urban loops is enough to pay the contracts and retire any bonds issued under the State Highway Bond Act of 1996 for the urban loops, then all urban loops shall be considered a part of the Intrastate System, and all subsequent allocations of revenue for the urban loops shall be credited to the Intrastate account within the Trust Fund. (1995 (Reg. Sess., 1996), c. 590, s. 16; 2004‑124, s. 30.21(f).)
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