Senate Bill 378 Summary

• Modifies G.S. 158-7.1(c) to clarify when public hearings are required for county and city economic development appropriations and expenditures

• Allows public hearings for economic development expenditures to be combined with the annual budget public hearing if the appropriation is included in the annual budget

• Requires a separate public hearing with at least 10 days' notice if the appropriation or expenditure is not included in the annual budget

• Specifies notice requirements for real property acquisitions must include the interest type, proposed cost, funding source, and governing body's intention to approve

• Specifies notice requirements for improvements to privately owned property must include description of improvements, proposed cost, funding source, and public benefit to be derived