Bill Summary for H 1060 (2019-2020)

Summary date: 

May 6 2020

Bill Information:

View NCGA Bill Details2019-2020 Session
House Bill 1060 (Public) Filed Wednesday, May 6, 2020
AN ACT TO ADJUST LOCAL MATCH REQUIREMENTS FOR THE PARKS AND RECREATION TRUST FUND BASED ON THE ECONOMIC DEVELOPMENT TIER STATUS OF THE RECEIVING COUNTY.
Intro. by Goodwin.

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Bill summary

Amends GS 143B-135.56 by amending the 30% allocation from the Parks and Recreation Trust Fund that is to be used to provide matching funds to local governmental units or public authorities. Instead of requiring a dollar for dollar match, now sets the matching requirement as: (1) a local governmental unit match of 50% for local park and recreation purposes other than those described below; (2) a local governmental unit match of 15% in tier three counties and 10% in tier one or two counties for land acquisition, with at least 50% of the local match required to be in cash and up to 50% allowed to be the value of in-kind donations by the local governmental unit; and (3) a local governmental unit match of 25% in tier three counties and 10% in tier one or two counties for park or recreation site improvements, with at least 50% of the local match in cash, and up to 50% allowed to be the value of in-kind donations by the local governmental unit. Makes conforming changes. Effective July 1, 2020. 

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