House committee substitute to the 2nd edition makes the following changes.

Modifies the proposed changes to GS 158-7.1 to now specify that any appropriation or expenditure for economic development purposes (previously, specified for a project for economic development purposes) under the statute must be approved by the county or city governing body after a public hearing (previously, specified after a public hearing on the project). Maintains that the hearing can be part of the public hearing on the annual budget if the appropriation or expenditure is included therein (was, contained therein); otherwise requires the county or city to hold at least one public hearing following 10 days' published public notice.