Directs the Department of Commerce (Department) to provide outreach and education to business owners on employee equity ownership plans, and technical assistance to business owners to understand the feasibility of implementing these plans. Appropriates $50,000 from the General Fund to the Department each year of the 2023-25 fiscal biennium for these purposes. Permits the Department to work with any relevant nonprofits to achieve these purposes. Effective July 1, 2023.
EMPLOYEE EQUITY OWNERSHIP PLAN ASSISTANCE.
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| View NCGA Bill Details(link is external) | 2023-2024 Session |
AN ACT TO APPROPRIATE FUNDS FOR THE OUTREACH, EDUCATION, TECHNICAL ASSISTANCE, AND PROMOTION OF EMPLOYEE EQUITY OWNERSHIP PLANS BY BUSINESS OWNERS IN THE STATE.Intro. by Chaudhuri.
Status: Re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate (Senate action) (Apr 3 2023)
Bill History:
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Thu, 30 Mar 2023 Senate: Filed(link is external)
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Mon, 3 Apr 2023 Senate: Passed 1st Reading(link is external)
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Mon, 3 Apr 2023 Senate: Withdrawn From Com(link is external)
S 456
Bill Summaries:
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Bill S 456 (2023-2024)Summary date: Mar 30 2023 - View Summary
View: All Summaries for Bill