North Carolina SB 1010: FUTURE NC Infrastructure Act.

Bill Text

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S 1
SENATE BILL 1010

Short Title: FUTURE NC Infrastructure Act. (Public)
Sponsors: Senators Lee, Moffitt, and Lazzara (Primary Sponsors).
Referred to: Rules and Operations of the Senate
May 4, 2026
*S1010-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO ENACT THE FRAMEWORK FOR UPGRADING TECHNOLOGY, UTILITIES, 2
RESILIENCY, AND ECONOMIES NORTH CAROLINA INFRASTRUCTURE ACT; TO 3
ESTABLISH THE NORTH CAROLINA INFRASTRUCTURE INVESTMENT 4
COMMISSION; AND TO REQUIRE THE COMMISSION TO DEVELOP AND SUBMIT 5
A COMPREHENSIVE STATEWIDE INFRASTRUCTURE INVESTMENT PLAN. 6
The General Assembly of North Carolina enacts: 7
SECTION 1. Title. – This act shall be known as the "Framework for Upgrading 8
Technology, Utilities, Resiliency, and Economies (FUTURE) NC Infrastructure Act." 9
SECTION 2. Legislative Findings and Purpose. – The General Assembly finds that 10
North Carolina's infrastructure systems are essential to public health, safety, economic growth, 11
and quality of life. The State faces increasing demands from population growth, aging 12
infrastructure, and exposure to severe weather events. Existing funding systems, while effective 13
within their domains, operate independently and do not provide a unified, long-term statewide 14
strategy. The purpose of this act is to establish a commission to develop a comprehensive, 15
forward-looking, and flexible infrastructure investment framework that emphasizes preservation, 16
resiliency, and strategic growth over a 20-year horizon. 17
SECTION 3. Establishment of the Commission. – The North Carolina Infrastructure 18
Investment Commission (Commission) is established. All of the following shall apply: 19
(1) The Commission shall consist of 10 members appointed as follows: 20
a. Two members appointed by the President Pro Tempore of the Senate. 21
b. Two members appointed by the Speaker of the House of 22
Representatives. 23
c. Two members appointed by the Governor. 24
d. Four members appointed by the State Treasurer. 25
(2) Initial members shall be appointed no later than 60 days after the effective 26
date of this act. Vacancies shall be filled by the original appointing authority 27
for the remainder of the unexpired term. 28
(3) The State Treasurer shall serve as the chair of the Commission and shall 29
convene the first meeting of the Commission no later than 30 days after a 30
quorum has been appointed. The Commission shall have a quorum when six 31
members are present, and acts of the Commission shall require a vote; a 32
majority of members must be present and voting. 33
(4) The Commission shall be administratively housed within the Department of 34
State Treasurer. 35

General Assembly Of North Carolina Session 2025
Page 2 Senate Bill 1010-First Edition
(5) Members may receive per diem and travel reimbursement as provided in 1
G.S. 93B-5. The Commission shall be subject to Article 33C of Chapter 143 2
and Chapter 132 of the North Carolina General Statutes. 3
SECTION 4. Duties of the Commission. – The Commission shall develop and 4
submit a comprehensive statewide infrastructure investment plan. The Commission shall not be 5
bound to any specific formula or weighting but shall evaluate and recommend an approach that 6
best achieves statewide objectives. The plan shall reflect a long-term vision and may include the 7
following: 8
(1) A 20-year strategic framework for infrastructure investment, including 9
identification of major needs across transportation, water, wastewater, 10
stormwater, resiliency, and other critical systems. 11
(2) A general policy approach that emphasizes maintenance, repair, 12
consolidation, regionalization, and modernization of existing assets while also 13
addressing strategic expansion needs. 14
(3) Potential allocation approaches that distinguish between preservation, growth, 15
and resiliency investments, without requiring fixed percentages. 16
(4) Development of a prioritization framework that may include consideration of 17
any of the following: 18
a. Infrastructure condition and risk of failure. 19
b. Public health and safety impacts. 20
c. Economic and workforce impacts. 21
d. System resiliency and vulnerability. 22
e. Project readiness and local participation. 23
f. Regional equity and geographic distribution. 24
(5) Identification of opportunities to coordinate and align with existing State 25
programs, including transportation, water infrastructure, and capital funding 26
systems, without disrupting existing statutory frameworks. 27
(6) Exploration of funding strategies, including the following: 28
a. State appropriations. 29
b. Federal funding opportunities and grant programs. 30
c. Loan and revolving fund structures. 31
d. Public-private partnerships where appropriate. 32
e. Braiding and blending of funding sources to maximize impact and 33
efficiency. 34
f. Debt issuance. 35
(7) Recommendations for governance, accountability, transparency, and 36
performance measurement. 37
(8) Consideration