GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2017

S                                                                                                                                                     1

SENATE BILL 820

Short Title:      High-Pay JDIG Job Cap Modification.		(Public)
Sponsors:	Senators Tillman, Newton, and Alexander (Primary Sponsors).
Referred to:	Finance

November 27, 2018

A BILL TO BE ENTITLED

AN ACT to modify the per job cap for purposes of CERTAIN job development incentive grant awards.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 143B‑437.56(f) reads as rewritten:

"(f)       For projects other than transformative projects, the amount of a grant associated with any specific eligible position, including any amount transferred to the Utility Account pursuant to G.S. 143B‑437.61, may not exceed six thousand five hundred dollars ($6,500)sixteen thousand dollars ($16,000) in any year."

SECTION 2.  G.S. 143B‑437.57(a)(23) reads as rewritten:

"(23)    For projects other than transformative projects, a provision stating that the amount of a grant associated with any specific eligible position, including any amount transferred to the Utility Account pursuant to G.S. 143B‑437.61, may not exceed six thousand five hundred dollars ($6,500) the limitation contained in subdivision (f) of G.S. 143B‑437.56 in any year."

SECTION 3.  This act is effective when it becomes law and applies to awards granted on or after that date.