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.