Bill Summaries: S 651 CRITICAL ECONOMIC OPPORTUNITY PROJECTS.

Printer-friendly: Click to view
Tracking:
  • Summary date: Apr 3 2013 - View Summary

    Enacts new section GS 62-133.7A (Facilitation of natural gas service to critical economic opportunity projects), providing that the Secretary of Commerce (Secretary), Commissioner of Agriculture (Commissioner), and the Chairman of the Utilities Commission (Chairman) will establish standards, procedures, and agency responsibilities to facilitate natural gas service to the critical economic opportunity projects in North Carolina. Provides that a proposed project can qualify as a critical economic opportunity project by including projecting to increase employment in North Carolina by at least 100 full-time jobs or by proposing a positive net present value to the economy of North Carolina when measured over the reasonable life span of the project.

    Requires the Secretary, Commissioner, and the Chairman to meet as soon as practicable after this act becomes effective to establish the above mentioned standards, procedures, and agency responsibilities.  No later than October 1, 2014, the Secretary, Commissioner, and the Chairman must submit a report of their findings and conclusions to the Joint Legislative Commission on Governmental Operations.