House committee substitute to the 2nd edition makes a technical correction.
Bill Summaries: all (2013-2014 Session)
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Bill S 297 (2013-2014)Summary date: Jun 27 2013 - View summary
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Bill S 297 (2013-2014)Summary date: May 15 2013 - View summary
Senate amendment makes the following change to the 1st edition:
Revises GS 158A-7.1(c1) to require the city to establish minority and woman business participation goals for economic development activities authorized under that section and to require recipients of city economic development funds to make a good faith effort to comply with these goals.
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Bill S 297 (2013-2014)Summary date: Mar 13 2013 - View summary
Amends GS 158-7.1 to allow Winston-Salem to undertake any of the seven economic development activities listed in (b) without complying with the public contracts provisions in Article 8 of GS Chapter 143 if the activity takes place in an economically distressed area and the funds provided by the city do not exceed 50% of the total cost. Defines economically distressed area as an area in which, according to the most recent available data from the US Bureau of Census, 40% or more of the residents have an annual income that is at or below the poverty level. Expires July 1, 2018.