Bill Summary for H 616 (2025-2026)
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Summary date:
May 7 2025
Bill Information:
View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO MODIFY THE MEGASITES AND SELECTSITES READINESS PROGRAMS.Intro. by Johnson.
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Bill summary
House amendment to the 2nd edition limits the Economic Development Partnership of North Carolina (EDPNC)'s allocations of money in the NC Selectsite Fund (Fund) pursuant to Section 11.12 of SL 2023-134 so that no more than $150,000 of the money available in the Fund can be used biennially for engaging a national selection site firm through the described competitive bidding process. Requires geographic diversity to be a priority consideration in identifying new sites, beginning with the report due in 2026.