Bill Summary for S 505 (2019-2020)

Summary date: 

Apr 10 2019

Bill Information:

View NCGA Bill Details2019-2020 Session
Senate Bill 505 (Public) Filed Tuesday, April 2, 2019
AN ACT TO EXPAND THE JOB MAINTENANCE AND CAPITAL DEVELOPMENT FUND TO INCLUDE HERITAGE MANUFACTURING PROJECTS.
Intro. by McInnis, Rabon, Brown.

View: All Summaries for BillTracking:

Bill summary

Senate committee substitute to the 1st edition makes the following changes. 

Modifies the proposed changes to GS 143B-437.012 regarding the Job Maintenance and Capital Development Fund (Fund) to require each grant agreement for a business which is not a major employer under subdivision (d)(1) to contain a provision requiring the business to maintain the employment level required under that subdivision at the project that is the subject of the grant (previously proposed changes to subsection (j) specified grant agreements for major employers).

© 2022 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view