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3 3 Mike Stanley: What is now called small construction. Alice Gordon: How are these allocated; is it to the board members around the state, are they discretionary? Mike Stanley: It is $2 million per division and it is an application process. Karen Lincoln: Where does the Economic Development funding fall in this diagram? Mike Stanley: There are actually three different parts. There is a senate bill, the Public Industrial Act and a TIP set aside for economic development. Karen Lincoln: Could you talk about that when it is appropriate? Mike Stanley: The State programs $10 million for urban and $10 million for rural economic development projects in the TIP over a seven year period. Randy Marshall: What is the source of the Highway Fund? Mike Stanley: Motor fuels tax, license and other fees. One-half cent of the motor fuels tax goes to cleanup of leaking underground storage tanks. Of the remaining revenues, 75% goes to the Highway Fund and 25% goes to the Highway Trust Fund. Let’s look at the Highway Trust Fund (HTF), which was established in 1989. The HTF is less than one third of our budget. It was constructed with specific purposes so the money can only be used for those purposes. The bulk of the trust fund, minus a supplement for secondary road construction and State Aid to Municipalities (the Powell Bill funds), goes into two programs: the Urban Loop Program and the Intra-State Program. The Intra-State Program is a 3,600-mile multi-lane road network specifically named in the legislation. Nancy Baker: What roads are included? Mike Stanley: The only project in Orange County is the I-85 widening project. The closest project that is not complete is the NC 158 Corridor in Oxford. Randy Marshall: Would the widening of Hwy 54 be one of these projects? Mike Stanley: No. Pascale Mittendorf: How much of the 3,600 miles is complete? Mike Stanley: Over 70% complete. The last mileage figure was about 940 miles remaining to be completed.