Bill Summary for S 484 (2017-2018)

Summary date: 

Mar 29 2017

Bill Information:

View NCGA Bill Details2017-2018 Session
Senate Bill 484 (Public) Filed Wednesday, March 29, 2017
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 Smith-Ingram.

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Bill summary

Amends GS 143B-135.56(b), setting forth the allocation and uses of funds from the Parks and Recreation Trust Fund (Fund).

Currently, subdivision (2) requires 30% of the funds of the Fund to be allocated to provide matching funds to local governmental units or public authorities as defined in GS 159-7 on a dollar-for-dollar basis for local park and recreation purposes, and allows the appraised value of the land that is donated to a local government unit or public authority to be applied to the matching requirement of this provision. This act replaces the dollar-for-dollar local match requirements, and instead bases the matching requirements for projects under subdivision (2) on the most recent development tier designation, as defined in GS 143B-437.08, of the county containing the local governmental unit or public authority, as follows. 

Sets the local governmental unit match at 50% for local park and recreation purposes other than projects described below. Provides that the appraised value of land that is donated to a local government unit or public authority can by applied to the match required by this provision.

Sets the local governmental unit match at 15% for tier one counties and 10% for tier two or three counties for land acquisition, including the acquisition of unbuildable lots for public recreational purposes. Requires at least 50% of the local match to be in cash, and allows up to 50% to be the value of in-kind donations by the local governmental unit.

Sets the local governmental match at 25% in tier one counties and 10% in tier two and three counties for park and recreation site improvements. Requires at least 50% of the local match to be in cash, and allows up to 50% to be the value of in-kind donations by the local governmental unit. 

Effective July 1, 2017.

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