H97 - 2015 Appropriations Act, Sec. 14.6.(a): Shallow Draft Fund Revisions (SL 2015-241)

Overview: Sec. 14.6.(a) of S.L. 2015-241 amends the statutes pertaining to the Shallow Draft Navigation Channel Dredging and Lake Maintenance Fund (Fund) as follows:

• Allows the Fund to receive monies from non-State sources.
• Eases the cost-share requirement for Fund projects located in areas of the State categorized as development tier one to require only a one to three match.
• Allows non-State entities contributing to the Fund to request return of the contribution if it is not spent or encumbered within two years.
• Adds Hatteras Inlet to the definition of "shallow draft navigation channel" eligible for projects funded by the Fund.

This section became effective July 1, 2015.