Despite their political differences, a Republican governor, Democratic state Senate, and a House split politically because of the recent ouster of its longtime leader all joined forces in 1989 to create North Carolina’s Highway Trust Fund.

Former House Speaker Joe Mavretic labels the Highway Trust Fund a “perfect political package for North Carolina.” Mavretic detailed the fund’s political history during a presentation Monday for the John Locke Foundation’s Shaftesbury Society.

In the video clip below, Mavretic assesses the Highway Trust Fund’s legacy.

Click here to watch the full 43:03 presentation.