AN ACT TO MODIFY THE REQUIREMENTS APPLICABLE TO CLAWBACK REPORTING.
Amends GS 143B-435.1 to require the Department of Commerce to report, in addition to clawbacks triggered under the specified economic development funds, on steps that have been taken to obtain repayments. Expands on the items that must be included in the report to also include the location of the project with which the economic development incentive is associated, the date the economic development incentive was awarded, and the date that the clawback was triggered. Applies to reports submitted on or after the date the act becomes law.
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