Senate amendments to the 2nd edition makes the following changes.

Amendment #1.  

Modifies the applicable employment level under GS 143B-437.012(j)(2)a (job maintenance and capital development fund) so that if the grant agreement is for a business that has qualified as a major employer under subsection (d) of this section, a provision requiring the business to maintain the employment level at the project that is the subject of the agreement that is the lesser of the level required in subdivision (d)(1) of GS 143B-437.012 (i.e., $2 million of private funds in the described property improvements, employment of at least 2,000 full-time employees or the equivalent full-time contractors as described, and the project is located in a development tier one area at the time the business applies for a grant). Specifies that the act’s changes to GS 143B-437.012 apply to awards in effect on or after the act becomes law.  

Amendment #2 changes the effective date of Section 4C.13(b) of SL 2024-53 (temporary moratorium for certain Job Development Investment Grant requirements) from January 31, 2025, to July 31, 2025, retroactive to October 25, 2024. Makes organizational changes and conforming changes to the act’s long title.