Bill Summary for H 786 (2015-2016)

Summary date: 

Apr 16 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 786 (Public) Filed Tuesday, April 14, 2015
AN ACT TO MODIFY THE REQUIREMENTS APPLICABLE TO CLAWBACK REPORTING.
Intro. by L. Hall.

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Bill summary

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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