AN ACT TO PROVIDE FUNDING TO THE DEPARTMENT OF COMMERCE TO CONDUCT A STUDY OF PORTS AND A SUPPLY CHAIN ANALYSIS FOR OFFSHORE WIND ENERGY.
Directs the Department of Commerce (Department) to study state ports and other transportation infrastructure to identify existing assets, current capabilities, and needed investments and potential improvements to enhance the State's facilitation and fostering of the growth of the offshore wind supply chain industries in the state. Requires consultation with the NC State Ports Authority and permits engagement with local governments and other stakeholders. Directs the Department to conduct an economic development study to evaluate the results of the study as well as any other state assets to create a roadmap for the state to effectively compete in attracting offshore wind energy supply chain industries. Details eight elements the Department must consider in conducting the study and creating the roadmap, including the potential benefits to local tax bases and expected additional contribution to state economic output. Directs the Department to submit the reports and roadmap to the specified NCGA committee and division by March 1, 2020. Appropriates $300,000 in nonreverting funds from the General Fund to the Department for the 2019-20 fiscal year to conduct the studies and create the roadmap described. Effective July 1, 2019.
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