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GENERAL ASSEMBLY OF NORTH CAROLINA H.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2023 H 1 HOUSE BILL 974 Short Title:
974 May 1, 2024 SESSION 2023 HOUSE PRINCIPAL CLERK H D HOUSE BILL DRH30437-MWa-98 Short Title:
Representative Reives.
Representatives Reives, Carney, Belk, and Ball (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
A BILL TO BE ENTITLED AN ACT TO ESTABLISH A SPECIAL ECONOMIC DEVELOPMENT FUND FOR AIRPORTS.
Appropriations, if favorable, Rules, Calendar, and Operations of the House May 6, 2024 A BILL TO BE ENTITLED AN ACT TO ESTABLISH A SPECIAL ECONOMIC DEVELOPMENT FUND FOR AIRPORTS.
Chapter 63 of the General Statutes is amended by adding a new Article to read:
Chapter 63 of the General Statutes is amended byadding a new Article to read:
(3) Up to twenty percent (20%) of the annual allocations from the Fund may be applied to airport safety improvements, to the extent that the Department determines that the lack of airport safety improvements is inhibiting economic growth.
(3) Up to twenty percent (20%) of the annual allocations from the Fund may be applied to airport safety improvements, to the extent that the Department determines that the lack of airport safetyimprovements is inhibiting economic growth.
(1) The airport project is projected to increase jobs, wages, capital investment, and tourism to North Carolina, with a particular emphasis on educational tourism, as independently determined by the Department.
*H974-v-1* General Assembly Of North Carolina Session 2023 (1) The airport project is projected to increase jobs, wages, capital investment, and tourism to North Carolina, with a particular emphasis on educational tourism, as independently determined by the Department.
*DRH30437-MWa-98* General Assembly Of North Carolina Session 2023 (2) Allocations shall be competitive and, after consultation with the Department of Commerce, awarded to proposals with the greatest projected economic impact benefitting North Carolina.
(2) Allocations shall be competitive and, after consultation with the Department of Commerce, awarded to proposals with the greatest projected economic impact benefitting North Carolina.
Page 2 DRH30437-MWa-98
Page 2 House Bill 974-First Edition
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