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NC H569

Bill

Status

Introduced

4/3/2019

Primary Sponsor

Kyle Hall

Click for details

Origin

House of Representatives

2019-2020 Session

AI Summary

  • Appropriates $5,000,000 in recurring funds from the General Fund to the One North Carolina Small Business Account for the 2019-2020 fiscal year to support the SBIR/STTR Incentive Program and SBIR/STTR Matching Funds Program.

  • Creates the Community Innovation Fund as a special reserve fund within the Department of Commerce to award competitive grants to rural, small-, and medium-sized communities for transitioning to knowledge- and innovation-based economies.

  • Appropriates $5,000,000 in nonrecurring funds from the General Fund to the Community Innovation Fund for the 2019-2020 fiscal year.

  • Becomes effective July 1, 2019.

Legislative Description

One NC Funding for Small Businesses

Last Action

Ref to the Com on Commerce, if favorable, Appropriations, Agriculture and Natural and Economic Resources, if favorable, Rules, Calendar, and Operations of the House

4/4/2019

Committee Referrals

Commerce4/4/2019

Full Bill Text

No bill text available