NC H1872

Appropriates $2,000,000 in nonrecurring General Fund dollars to the Department of Commerce for the 2010-2011 fiscal year.

Allocates funds to the North Carolina Community Development Initiative, Inc. to support capital acquisition leverage and Green Agenda programs in low-wealth communities.

Directs $1,200,000 to be used as loss reserves to attract private sector investments.

Directs $800,000 to support capital investment in Green innovation projects that create jobs and improve quality of life in low-wealth communities.

Becomes effective July 1, 2010.