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NC S223

Bill

Official Source

Status

Engrossed

3/28/2017

Primary Sponsor

Jeffrey Jackson

Click for details

Origin

Senate

2017-2018 Session

AI Summary

  • Excludes projects located wholly within development tier one areas, development tier two areas, or a combination thereof from the maximum liability cap for Job Development Investment Grants (JDIG).

  • Modifies G.S. 143B-437.52(c) to add tier one and tier two projects to the existing exemption for transformative projects from the annual grant liability cap.

  • Previously, only transformative projects were exempt from the $20-35 million annual liability cap for JDIG grants; tier one and tier two projects now receive the same exemption.

  • Effective upon becoming law.

Legislative Description

Exclude Tiers 1 & 2 From JDIG Cap

Last Action

Re-ref Com On Rules and Operations of the Senate

8/3/2017

Committee Referrals

Rules and Operations of the Senate8/3/2017
Finance6/27/2017
Rules, Calendar, and Operations of the House6/6/2017
Judiciary II3/29/2017
Rules and Operations of the Senate3/22/2017
Judiciary3/16/2017
Rules and Operations of the Senate3/9/2017

Full Bill Text

No bill text available