Amends GS 143B-135.56 by amending the 30% allocation from the Parks and Recreation Trust Fund that is to be used to provide matching funds to local governmental units or public authorities. Instead of requiring a dollar for dollar match, now sets the matching requirement as: (1) a local governmental unit match of 50% for local park and recreation purposes other than those described below; (2) a local governmental unit match of 15% in tier three counties and 10% in tier one or two counties for land acquisition, with at least 50% of the local match required to be in cash and up to 50% allowed to be the value of in-kind donations by the local governmental unit; and (3) a local governmental unit match of 25% in tier three counties and 10% in tier one or two counties for park or recreation site improvements, with at least 50% of the local match in cash, and up to 50% allowed to be the value of in-kind donations by the local governmental unit. Makes conforming changes. Effective July 1, 2020.
PARTF FUNDING CONDITIONS AND MATCH.
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View NCGA Bill Details | 2019-2020 Session |
AN ACT TO ADJUST LOCAL MATCH REQUIREMENTS FOR THE PARKS AND RECREATION TRUST FUND BASED ON THE ECONOMIC DEVELOPMENT TIER STATUS OF THE RECEIVING COUNTY.Intro. by Goodwin.
Status: Ref to the Com on Commerce, if favorable, Appropriations, if favorable, Rules, Calendar, and Operations of the House (House action) (May 6 2020)
H 1060
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Bill H 1060 (2019-2020)Summary date: May 6 2020 - View Summary
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