AN ACT AUTHORIZING ECONOMIC DEVELOPMENT INCENTIVE PROGRAMS TO UTILIZE FUNDS TO SUPPORT NEW AND EXPANDED NATURAL GAS SERVICE AND TO SUPPORT PROPANE GAS SERVICE FOR AGRICULTURAL PROJECTS. Enacted July 29, 2013. Effective July 29, 2013.
Bill Summaries: S379 EXP. OF NATURAL GAS & PROPANE FOR AGRICULTURE (NEW).
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Summary date: Jul 30 2013 - View Summary
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Bill S 379 (2013-2014)Summary date: Jul 17 2013 - View Summary
House committee substitute to the 2nd edition makes the following changes.
Amends proposed GS 143B-437.020 by adding and defining the terms agriculture and economic development incentive programs. Amends the definition of eligible project to mean a discrete and specific economic development project that would expand agricultural production or processing capabilities that requires new or expanded natural gas or propane gas service, deleting the requirement that the project be located in a rural area. Amends the definition of project carrying costs to make clarifying changes.
Provides that economic development incentive programs may use funds for agricultural projects for the specified purposes (was, state, regional, and local economic development funds may, at the fund manager's discretion, be used for the specified purposes).
Adds that economic development incentive programs may use funds for agricultural projects to allow the owner of an eligible project to pay for cost-effective alternatives that would reduce infrastructure costs or increase energy efficiency by adding supplemental uses of propane gas to increase annual volume throughput, reduce energy consumption, reduce energy costs, or enhance the feasibility of the project or the provision of propane gas service.
Clarifies that total incentive funds for all eligible projects must not cumulatively exceed $5 million per biennium. Requires managers of economic development incentive programs to promptly report payments to the Department of Commerce, which must promptly notify economic development incentive program managers when the funding limitation has been reached for the biennium.
Makes conforming changes, including replacing the term "funds" with "incentive funds."
Changes the act's titles.
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Bill S 379 (2013-2014)Summary date: Jun 20 2013 - View Summary
The House committee substitute to the 1st edition deletes the provisions of the 1st edition and provides for the following instead.
Enacts new GS 143B-437.020 to allow state, regional, and local economic development funds to be used to allow the owner of an eligible project to pay for (1) excess infrastructure costs (as defined) associated with the project or (2) cost-effective alternatives that would reduce excess infrastructure costs. Defines eligible project as a discrete and specific economic development project that would expand agricultural production or processing capabilities that is located in a rural area and requires new or expanded natural gas service. Terminates the payment of funds when there are no longer excess infrastructure costs. Requires an owner who is paid funds to reimburse the funds if the eligible project does not maintain business operations for at least five years from receiving the funds. Caps payments to $5 million per biennium.
Updates the act's short and long titles.
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Bill S 379 (2013-2014)Summary date: Mar 20 2013 - View Summary
Identical to H 211, filed 3/4/13.
Amends GS 20-118(c)(12) to exempt vehicles transporting poultry or livestock feed from a storage facility, holding facility, or a mill to a farm within 150 miles of the point of origin from the weight limitations imposed in subsection (b) of GS 20-118 and penalties for violating those weight limits in subsection (e).
Effective July 1, 2013.