GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2017
SENATE BILL 820
RATIFIED BILL
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.
In the General Assembly read three times and ratified this the 3rd day of December, 2018.
s/ Ralph E. Hise
Presiding Officer of the Senate
s/ Tim Moore
Speaker of the House of Representatives
_____________________________________
Roy Cooper
Governor
Approved __________.m. this ______________ day of ___________________, 2018