Powell Bill is a street aid program by the State of North Carolina to incorporated municipalities in the state. It is the primary mechanism by which Nashville and most other local governments are able to fund the resurfacing of town streets.
For fiscal years 2017-2018 and 2018-2019, the State of North Carolina is distributing $147,500,000 to municipalities participating in the Powell Bill program. The Town of Nashville is estimated to receive $151,000.00 in Powell Bill funds for fiscal year 2017-2018.
North Carolina statutes provide that funds be disbursed to the qualified municipalities on or before October 1 and January 1, thereby allowing sufficient time after the end of the fiscal year for verification of information and to determine the proper allocations and preparation of disbursements.
Powell Bill funds shall be expended primarily for the purposes of resurfacing streets within the corporate limits of the municipality but may also be used for maintaining, repairing, constructing, reconstructing or widening of any street or public thoroughfare within the municipal limits or for planning, construction, and maintenance of bikeways, greenways, or sidewalks.