GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

S                                                                                                                                                    D

SENATE DRS15008-LG-10A*  (1/9)

Short Title:        Defense & Security Techn. Accelerator Funds.		(Public)
Sponsors:	Senator Mansfield.
Referred to:

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.