Bill Summary for H 662 (2021-2022)

Summary date: 

Apr 22 2021

Bill Information:

View NCGA Bill Details2021
House Bill 662 (Public) Filed Thursday, April 22, 2021
AN ACT TO INCREASE FUNDING FOR THE HIGH POINT FURNITURE MARKET.
Intro. by Faircloth, Brockman, Hardister, Quick.

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Bill summary

Appropriates $2,255,472 in recurring funds for each year of the 2021-23 fiscal biennium from the General Fund to the Department of Commerce, Commerce State-Aid to be allocated to the High Point International Home Furnishings Market Authority Corporation (HP Market Authority Corporation) to provide support for the Market. 

Appropriates $1.7 million in recurring funds for each year of the 2021-23 fiscal biennium to the HP Market Authority Corporation from the Highway Fund to the HP Market Authority Corporation for transportation costs associated with the Market.

Effective July 1, 2021.

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