Bill Summary for H 108 (2015-2016)

Summary date: 

Apr 15 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 amendment makes the following change to the 2nd edition. Amends GS 143B-437.021, as enacted in this act, adding subsection (g1), which provides that the maximum outstanding loan balance from the Site and Building Development Fund (Fund), as established in this act, to qualified business facilities in counties classified as tier three under GS 143B-437.08, is 30% of the difference between the cumulative total appropriations into the Fund and the total expenses paid by the Fund.

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