Bill Text: NC H890 | 2015-2016 | Regular Session | Amended
Bill Title: Attract Nat'l HQs to NC
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: (Introduced - Dead) 2015-04-15 - Ref to the Com on Commerce and Job Development, if favorable, Finance [H890 Detail]
Download: North_Carolina-2015-H890-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2015
H 1
HOUSE BILL 890
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Short Title: Attract Nat'l HQs to NC. |
(Public) |
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Sponsors: |
Representatives Hanes, Jeter, and R. Moore (Primary Sponsors). For a complete list of Sponsors, refer to the North Carolina General Assembly Web Site. |
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Referred to: |
Commerce and Job Development, if favorable, Finance. |
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April 15, 2015
A BILL TO BE ENTITLED
AN ACT to modify what areas may receive grants from the utility account.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 143B‑437.01 reads as rewritten:
"§ 143B‑437.01. Industrial Development Fund Utility Account.
(a) Creation and Purpose of Fund. – There is created
in the Department of Commerce a special account to be known as the Industrial
Development Fund Utility Account ("Utility Account") to provide funds
to assist the local government units of the most economically distressed counties
areas in the State in creating jobs. The Department of Commerce
shall adopt rules providing for the administration of the program. Those rules
shall include the following provisions, which shall apply to each grant from
the account:
(1) The funds shall be used in economically distressed areas for construction of or improvements to new or existing water, sewer, gas, telecommunications, high‑speed broadband, electrical utility distribution lines or equipment, or transportation infrastructure for existing or new or proposed buildings. To be eligible for funding, the water, gas, telecommunications, high‑speed broadband, electrical utility lines or facilities, or transportation infrastructure shall be located on the site of the building or, if not located on the site, shall be directly related to the operation of the job creation activity. To be eligible for funding, the sewer infrastructure shall be located on the site of the building or, if not located on the site, shall be directly related to the operation of the job creation activity, even if the sewer infrastructure is located in a county other than the county in which the building is located.
(1a) The funds shall be used for projects located in
economically distressed counties areas except that the Secretary
of Commerce may use up to one hundred thousand dollars ($100,000) to provide
emergency economic development assistance in any county that is documented to
be experiencing a major economic dislocation.
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(a1) Definitions. – The following definitions apply in this section:
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(4) Economically distressed county. – areas.
– Any of the following:
a. A county that is defined as a development tier one or two area under G.S. 143B‑437.08 after the adjustments of that section are applied.
b. An urban progress zone, as defined in G.S. 143B‑437.09.
c. An agrarian growth zone, as defined in G.S. 143B‑437.010.
…."
SECTION 2. This act is effective when it becomes law.
