North Carolina 2021-2022 Session Status: In Committee 1 R cosponsors

SB 482 — Site Development Revolving Assistance Fund.

Last action — Withdrawn From Com

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2021-2022 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

20 added · 21 removed

Plain-language change summary

The changes made to Senate Bill 482 include the addition of specific language clarifying how the Authority will manage funds and issue site assistance for local government projects. The bill specifies that the Authority must notify applicants about the acceptance or rejection of their offers, which helps establish transparency in the funding process. These amendments are significant because they ensure local governments have clearer guidance on how to access assistance and what is expected from them, potentially leading to more effective project funding and management.

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FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Apr 1, 2021 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2021 S 1 SENATE BILL 482 Short Title:
482 SESSION 2021 PRINCIPAL CLERK S D SENATE BILL DRS45255-MCa-155 Short Title:
A BILL TO BE ENTITLED AN ACT TO CREATE A SITE DEVELOPMENT REVOLVING ASSISTANCE FUND.
Rules and Operations of the Senate April 5, 2021 A BILL TO BE ENTITLED AN ACT TO CREATE A SITE DEVELOPMENT REVOLVING ASSISTANCE FUND.
– This section governs the use of revenue appropriated to the Authority to provide a source of State funds to provide site assistance for site development projects and revenue received by the Authority from the repayment of loans made with the use of these funds.
– This section governs the use of revenue appropriated to the Authority to provide a source of State funds to provide site assistance for site development projects and revenue received bythe Authority from the repayment of loans made with the use of these funds.
Revenue credited to the account is available in perpetuity and must be used only to provide site assistance to local governmentunitsas allowedinthissection.TheAuthorityisdirectedtoestablishaccountswithin the Fund to administer site assistance for site development projects for local government units.
Revenue credited to the account is available in perpetuity and must be used only to provide site assistance to local governmentunitsas allowedinthissection.The Authorityisdirectedtoestablishaccountswithin the Fund to administer site assistance for site development projects for local government units.
(4) The degree to which the local government unit has historically invested in and attempted to recruit economic development projects and opportunities.
(4) The degree to which the local government unit has historicallyinvested in and attempted to recruit economic development projects and opportunities.
*DRS45255-MCa-155* General Assembly Of North Carolina Session 2021 (10) Whether the local government unit has demonstrated a willingness and ability to meet its responsibilities through sound fiscal policies and efficient operation and management.
*S482-v-1* General Assembly Of North Carolina Session 2021 (10) Whether the local government unit has demonstrated a willingness and ability to meet its responsibilities through sound fiscal policies and efficient operation and management.
Site assistance from the Fund may be used for the following types of projects necessary to prepare or improve a site to make the site suitable for sale to a business looking to relocate or expand:
Site assistance from the Fund maybe used for the following types of projects necessary to prepare or improve a site to make the site suitable for sale to a business looking to relocate or expand:
An application Page 2 DRS45255-MCa-155 General Assembly Of North Carolina Session 2021 that does not contain information required by this subsection is incomplete and not eligible for consideration.
An application Page 2 Senate Bill 482-First Edition General Assembly Of North Carolina Session 2021 that does not contain information required by this subsection is incomplete and not eligible for consideration.
If the Authority determines an application's rank is too low to receive an award of site assistance for an application period, the Authority must include the application with those considered for the next application period.
If the Authority determines an application's rank is too low to receive an award of site assistance for an application period, the Authoritymust include the application with those considered for the next application period.
The applicant must give theAuthority writtennoticeof whetherit accepts orrejects theoffer.
The applicant must give theAuthoritywrittennoticeof whetherit accepts orrejects theoffer.
The Division may extend the time limits provided in this subsection on a finding that the applicant has good cause for the failure but must, upon a finding DRS45255-MCa-155 Page 3 General Assembly Of North Carolina Session 2021 of good cause, set a date by which the local government unit must take action or forfeit the site assistance.
The Division may extend the time limits provided in this subsection on a finding that the applicant has good cause for the failure but must, upon a finding Senate Bill 482-First Edition Page 3 General Assembly Of North Carolina Session 2021 of good cause, set a date by which the local government unit must take action or forfeit the site assistance.
– The Division may have a project for which site assistance in the form of a grant or a loan is awarded under this section inspected to determine the progress made on the project and whether the construction of the project is consistent with the project described in the application.
– The Division mayhave a project for which site assistance in the form of a grant or a loan is awarded under this section inspected to determine the progress made on the project and whether the construction of the project is consistent with the project described in the application.
The Authority must give a copy of the rules adopted to implement this section without charge to a person who requests a copy.
The Authority must give a copyof the rules adopted to implement this section without charge to a person who requests a copy.
– Assistance in the form of a loan to a local government unit, a grant to a local government unit, or the acquisition and improvement of a site by the State on behalf of a local government unit to be developed and sold to a business.
– Assistance in the form of a loan to a local government unit, a grant to a local government unit, or the acquisition and improvement of a site bythe State on behalf of a local government unit to be developed and sold to a business.
Page 4 DRS45255-MCa-155 General Assembly Of North Carolina Session 2021 SECTION 3.
Page 4 Senate Bill 482-First Edition General Assembly Of North Carolina Session 2021 SECTION 3.
DRS45255-MCa-155 Page 5
Senate Bill 482-First Edition Page 5
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Action History

  1. Withdrawn From Com

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

  3. Passed 1st Reading

  4. Ref To Com On Rules and Operations of the Senate

  5. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 177 not signed on

Sponsors (1)

  • Newton

Co-sponsors (1)

Not signed on (177)

177 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Frequently asked questions

Who sponsors SB 482?
SB 482 is sponsored by Newton and David W. Craven, Jr. (Republican).
What is the current status of SB 482?
This bill died with 2021-2022 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 482?
Track SB 482 free on One Click Politics — get push/email alerts when it moves.

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