GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

S                                                                                                                                                     1

SENATE BILL 30*

 

 

Short Title:        Defense & Security Techn. Accelerator Funds.

(Public)

Sponsors:

Senators Mansfield;  Atwater and Meredith.

Referred to:

Appropriations/Base Budget.

February 3, 2011

A BILL TO BE ENTITLED

AN ACT to appropriate funds to support the defense and security technology accelerator.

The General Assembly of North Carolina enacts:

SECTION 1.  There is appropriated from the General Fund to the Department of Commerce the sum of one million dollars ($1,000,000) for the 2011-2012 fiscal year to be allocated to the Partnership for Defense Innovation, a nonprofit organization. These funds shall be used to support the Defense and Security Technology Accelerator, a business incubator focusing on economic development opportunities in the industries relating to homeland security and national defense.

SECTION 2.  This act becomes effective July 1, 2011.