AN ACT TO CREATE A FUND TO PROVIDE LOANS TO LOCAL GOVERNMENT UNITS FOR THE DEVELOPMENT OF SITES AND BUILDINGS.
House committee substitute makes the following changes to the 1st edition.
Deletes language in GS 143B-437.021 which exempted the required contracts with entities experienced in site selection services for business and business recruitment purposes from the provisions of GS Chapter 143, Article 3 or 3C.
Deletes provision which provided that the loans from the Fund are not subject to review and approval by the Local Government Commission under Article 8 of GS Chapter 159. Also deletes language providing for appropriations in the amount of $400,000 for the 2015-16 fiscal year from the General Fund to the Site and Building Development Fund and $600,000 from the General Fund to the Department of Commerce for fiscal year 2015-16 to be used to further assess state-owned buildings.
Adds language that provides that the act does not obligate the General Assembly to appropriate funds to implement any of the provisions included.
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