The North Carolina General Assembly’s Joint Conference Committee Report on the Current Operations Appropriations Act of 2021, Senate Bill 105, November 15, 2021.
provided 5 Million dollars to the Mid-Carolina Regional Airport in State Capital and Infrastructure Funds (SCIF) for capital improvements. There is no local match requirement.
The State Budget Act defines capital improvements as follows, which is cited in the SCIF, 143c-4-3.1(d) Capital improvement. – A term that includes real property acquisition, new construction or rehabilitation of existing facilities, and repairs and renovations over one hundred thousand dollars ($100,000) in value.
Like all other airport grants the NCDOT Department of Aviation will be responsible for disbursement and administration of the funds. Funding will be received in two blocks 50% before then end of this month (February) and the remaining 50% before the end of June 2022. A timeline was provided by NCDOT.
Accept the SCIF Funding and approve County Manager to sign the sponsor agreement provided by NCDOT.
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