NC H850

Creates a Small Production Account within the Film and Entertainment Grant Fund reserved for individual North Carolina permanent residents producing feature-length films with qualifying expenses between $100,000 and $500,000.

Establishes a Film Festival Account with $500,000 in funding to provide grants for advertising and marketing of film festivals held in North Carolina, capped at the lesser of $100,000 or 25% of advertising costs per festival.

Allocates $5,000,000 from unencumbered Film and Entertainment Grant Fund revenues to the Small Production Account and $500,000 to the Film Festival Account.

Adds definition of "Individual" as a human being and modifies existing production grant program guidelines to accommodate small independent producers and festival organizers.

Effective upon enactment.