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NC H841

Bill

Official Source

Status

Engrossed

6/9/2011

Primary Sponsor

Hugh Blackwell

Click for details

Origin

House of Representatives

2011-2012 Session

AI Summary

  • Reduces Governor appointments to Global TransPark Authority Board from seven to six members, with specific industry representation requirements (economic development, real estate, banking, finance, and environmental interests).

  • Specifies that six General Assembly-appointed board members shall be divided into two staggered classes with terms ending June 30, 2013 and June 30, 2015, respectively, to ensure continuity.

  • Appropriates $17,500,000 from Statewide Reserves to repay the outstanding loan from the Escheat Fund to the Global TransPark Authority.

  • Directs any grants received by Global TransPark Authority from The Golden Leaf Foundation after July 1, 2011 to be applied first toward repaying the Escheat Fund loan.

  • Extends the deadline for Global TransPark Authority obligations held by the Escheat Fund from October 1, 2011 to October 1, 2012.

Legislative Description

Global TransPark Gov. Reform & Loan Repayment

Last Action

Ref To Com On Rules and Operations of the Senate

6/10/2011

Committee Referrals

Rules and Operations of the Senate6/10/2011
Finance6/7/2011
Rules, Calendar, and Operations of the House4/7/2011

Full Bill Text

No bill text available