Bill > H631

This bill establishes a 17-member Commission to Study the Feasibility of Establishing a State Infrastructure Bank (SIB) in North Carolina, with members appointed from the Senate, House of Representatives, Governor's office, state agencies, and private sectors. The commission will comprehensively examine how a potential state-level infrastructure bank could support economic development by increasing access to capital and financing for various infrastructure projects, including transportation, housing, education, telecommunications, and community development. The commission will explore the bank's potential administrative structures, regulatory requirements, operational methods, and integration with existing financial networks, with specific focus on generating additional earnings, avoiding conflicts of interest, and protecting state and individual interests. The commission is required to hold at least five public meetings across different geographic regions of the state and will produce an interim report to the 2025 General Assembly and a final report by the end of the 2026 Regular Session, after which the commission will terminate. Members will receive travel expenses, professional and clerical staff will be assigned to support the commission's work, and the commission will have broad powers to request information from state agencies to conduct its study.

Budget and Finance, Government Affairs

https://www.ncleg.gov/BillLookUp/2025/H631