Bill Summary for H 433 (2025-2026)

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Bill: SFRF/NCPRO REVISIONS. (NEW)

Summary date: 

May 5 2026
S.L. 2026-3

Bill Information:

View NCGA Bill Details2025-2026 Session
House Bill 433 (Public) Filed Tuesday, March 18, 2025
AN ACT DIRECTING THE OFFICE OF STATE BUDGET AND MANAGEMENT TO RECLASSIFY UNEXPENDED STATE FISCAL RECOVERY FUND BALANCES AND OTHER FUNDING, AUTHORIZING THE NORTH CAROLINA PANDEMIC RECOVERY OFFICE TO REALLOCATE STATE FISCAL RECOVERY FUNDS, DIRECTING THE OFFICE OF STATE BUDGET AND MANAGEMENT TO USE INTEREST EARNED ON VARIOUS FUNDS FOR OPERATIONS PERTAINING TO PANDEMIC RELIEF, AND EXTENDING THE DATE ON WHICH THE NORTH CAROLINA PANDEMIC RECOVERY OFFICE WILL CEASE TO OPERATE.
Intro. by Gillespie, White, Cotham, Reeder.

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Bill summary

Senate amendment to the 4th edition makes the following changes. Makes conforming changes to act's long title. Amends Section 6.2(5) of SL 2026-1 (making various changes to Medicaid and other budgetary changes) so that the funds remaining from the described grant to the Burke Partnership for Economic Development (Partnership) are not reallocated to Burke County but instead used as matching funds for a grant awarded by the US Department of Commerce. Prevents the Partnership from expending or encumbering funds until a determination regarding the grant is made. If the grant is not awarded by October 1, 2026, directs the Partnership to distribute the funds, including interest, as follows: (1) 80% to Burke County and (2) 20% to McDowell County to construct or improve water, sewer, or both.