Bill Text: NC S606 | 2017-2018 | Regular Session | Amended

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Bill Title: One-Year EDPNC Contract Modifications

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-04-05 - Re-ref to Commerce and Insurance. If fav, re-ref to Rules and Operations of the Senate [S606 Detail]

Download: North_Carolina-2017-S606-Amended.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2017

S                                                                                                                                                     1

SENATE BILL 606

 

 

Short Title:      One-Year EDPNC Contract Modifications.		(Public)
Sponsors:	Senator Tucker (Primary Sponsor).
Referred to:	Rules and Operations of the Senate

April 5, 2017

A BILL TO BE ENTITLED

AN ACT to modify the contractual requirements of the Economic development partnership of North Carolina for one year.

The General Assembly of North Carolina enacts:

SECTION 1.  Notwithstanding G.S. 143B‑437.01(e)(14), the Secretary shall enter into negotiations with the Economic Development Partnership of North Carolina to amend the contract with the Partnership to reduce to seven hundred fifty thousand dollars ($750,000) the amount the Partnership must receive from fund‑raising efforts and sources other than State funds for the fund‑raising year in effect as of the effective date of this act.

SECTION 2.  This act is effective when it becomes law.