North Carolina Administrative Code
Title 19A - TRANSPORTATION
Chapter 06 - TRANSIT, RAIL, AND AVIATION
Subchapter B - PUBLIC TRANSPORTATION AND RAIL PROGRAM
Section 0400 - RAIL INDUSTRIAL ACCESS PROGRAM
Section 06B .0417 - REPAYMENT
Universal Citation: 19A NC Admin Code 06B .0417
Current through Register Vol. 39, No. 6, September 16, 2024
(a) If within five years the project tracks are abandoned, relocated, or sold without the consent of the Department, the track owner shall repay the Department the state's contribution to the cost of construction and materials.
(b) The Grantee may also be required to repay the Department if:
(1) During the first five
years rail use falls below the goal levels specified in the industry
certification;
(2) Job goals (as
specified in the industry certification) for the first two years are not
met.
Authority
G.S.
136-44.36;
143B-350(f) and
(g);
Eff. April 30,
1997;
Amended Eff. April 1, 1999;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. October 24,
2015.
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