The N.C. Department of Transportation has begun distributing more than $147.7 million in State Street Aid, also known as the Powell Bill fund, to 507 municipalities across the state. The initial allocation, half of the overall total, was sent out on Wednesday. The rest will be paid by Jan. 1, 2016.
This year’s total is about the same as last year, increased by about $400,000. And the number of municipalities who applied for the funds is the same as last year. The money can only be used for the construction, widening, maintaining or repairing of any street, bikeway, greenway or sidewalk that is maintained by the municipality.
“This program assists local governments in improving transportation connectivity and safety for its residents and visitors by helping upgrade and repair their transportation systems,” says Transportation Secretary Nick Tennyson.
Powell Bill funding is generated by revenue from the state gas tax and other highway user fees. The program has allocated nearly $4.1 billion to municipalities over its 65-year history.