Loading chat...

NC S342

Bill

Official Source

Status

Introduced

3/21/2019

Primary Sponsor

Donald Davis

Click for details

Origin

Senate

2019-2020 Session

AI Summary

  • Appropriates $1,000,000 from the General Fund to the Community Colleges System Office for fiscal year 2019-2020 and $1,000,000 for fiscal year 2020-2021 to support the North Carolina Military Business Center
  • Prohibits reduction of funds allocated to the North Carolina Military Business Center to meet any management flexibility reductions
  • The NC Military Business Center has assisted businesses in winning over 3,093 federal defense contracts valued at $10.3 billion minimum since opening in 2005, generating $476.5 million in state corporate income taxes
  • Funded expansion of defense-related economic development statewide and increased services in underserved areas, particularly Western North Carolina and 10-15 additional counties
  • Act becomes effective July 1, 2019

Legislative Description

NC Military Business Center Funds

Last Action

Re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate

3/26/2019

Committee Referrals

Appropriations/Base Budget3/26/2019
Rules and Operations of the Senate3/25/2019

Full Bill Text

No bill text available