Bill Summary for S 223 (2017-2018)

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Bill: EXCLUDE TIERS 1 & 2 FROM JDIG CAP (NEW).

Summary date: 

Jun 29 2017

Bill Information:

View NCGA Bill Details(link is external)2017-2018 Session
Senate Bill 223 (Public) Filed Wednesday, March 8, 2017
AN ACT TO EXCLUDE FROM THE MAXIMUM LIABILITY CAP FOR GRANTS AWARDED UNDER JDIG PROJECTS LOCATED WHOLLY WITHIN A DEVELOPMENT TIER ONE OR TWO AREA OR A COMBINATION THEREOF.
Intro. by J. Jackson, Britt, Newton.

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Bill summary

House committee substitute makes the following changes to the 4th edition.

Changes the long title.

Deletes Section 1, enacting Part 2L, North Carolina Rural Job Creation Fund, in Article 10 of GS Chapter 143B. Deletes Section 2, directing the Department of Commerce to adopt rules providing for the administration of the Rural Job Creation Fund prior to the convening of the 2018 Regular Session.

Amends GS 143B-437.52, as amended by Section 15.15A of SL 2017-57, providing that the limitation for grants awarded under the Job Development Investment Grant Program set out in GS 143B-437.52(c)(1) also does not apply to a project located wholly within a development tier one area, a development tier two area, or a combination thereof.