North Carolina Turnpike Authority 5.00% 2032/01

The North Carolina Turnpike Authority was created in 2002 to speed the implementation of needed transportation improvements by funding some projects with tolls. Governed by a nine-member authority board, it is located within the Department of Transportation and under the direct supervision of the Secretary of Transportation. The authority has the power to study, plan, develop and undertake preliminary design work on up to eleven turnpike projects. At the conclusion of these actives, the authority is authorized to design, establish, purchase, construct, operate and maintain toll highways and bridges. The authority is also authorized to designate one or more lanes of any highway, or portion thereof, into a high-occupancy toll lanes or other type of managed lanes; provided that such designation does not reduce the number of existing non-toll general purpose lanes.