AN ACT TO CHANGE WHEN PUBLIC HEARINGS ARE REQUIRED FOR ECONOMIC DEVELOPMENT EXPENDITURES.
Senate committee substitute to the 1st edition makes the following changes.
Modifies the proposed changes to GS 158-7.1 to now specify that any appropriation or expenditure for a project for economic development purposes under the statute must be approved by the county or city governing body after a public hearing is held on the project. Allows for the hearing on the project to be part of the public hearing on the annual budget if the appropriation or expenditure is contained therein; otherwise requires the county or city to hold at least one public hearing on the project following 10 days' published public notice (previously limited the scope of the hearing requirement to the enumerated economic development activities in subsection (b); did not specify a minimum of one public hearing and did not specifically permit the hearing to be a part of the annual budget hearing).
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