Bill Summary for H 108 (2015-2016)

Summary date: 

Mar 18 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 108 (Public) Filed Tuesday, February 24, 2015
AN ACT TO CREATE A FUND TO PROVIDE LOANS TO LOCAL GOVERNMENT UNITS FOR THE DEVELOPMENT OF SITES AND BUILDINGS.
Intro. by Stam, Jeter, Waddell, S. Martin.

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Bill summary

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

Deletes language in GS 143B-437.021 which exempted the required contracts with entities experienced in site selection services for business and business recruitment purposes from the provisions of GS Chapter 143, Article 3 or 3C.

Deletes provision which provided that the loans from the Fund are not subject to review and approval by the Local Government Commission under Article 8 of GS Chapter 159. Also deletes language providing for appropriations in the amount of $400,000 for the 2015-16 fiscal year from the General Fund to the Site and Building Development Fund and $600,000 from the General Fund to the Department of Commerce for fiscal year 2015-16 to be used to further assess state-owned buildings.

Adds language that provides that the act does not obligate the General Assembly to appropriate funds to implement any of the provisions included.

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