12 | 13 | | A BILL TO BE ENTITLED 1 |
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13 | 14 | | AN ACT TO PROVIDE ECONOMIC ASSISTANCE TO TIER ONE COUNTIES. 2 |
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14 | 15 | | The General Assembly of North Carolina enacts: 3 |
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15 | 16 | | SECTION 1.(a) Short Title. – This act may be cited as the "Economic Empowerment 4 |
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16 | 17 | | for Tier One Counties Act." 5 |
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17 | 18 | | SECTION 1.(b) Findings and Purpose. – It is the intent of the General Assembly by 6 |
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18 | 19 | | this act to do the following: 7 |
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19 | 20 | | (1) Recognize the unique economic challenges faced by Tier One counties in 8 |
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20 | 21 | | North Carolina. 9 |
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21 | 22 | | (2) Acknowledge the importance of self-reliance and local empowerment in 10 |
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22 | 23 | | fostering economic development. 11 |
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23 | 24 | | (3) Empower Tier One counties by allocating funds to support locally driven 12 |
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24 | 25 | | economies. 13 |
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25 | 26 | | SECTION 1.(c) Funding. – There is appropriated from the General Fund to the 14 |
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26 | 27 | | Department of Commerce (Department) the sum of four hundred million dollars ($400,000,000) 15 |
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27 | 28 | | in nonrecurring funds for the 2025-2026 fiscal year to be used for purposes consistent with this 16 |
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28 | 29 | | act. The funds appropriated pursuant to this act shall not revert at the end of the 2025-2026 fiscal 17 |
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29 | 30 | | year but shall remain available for expenditure for purposes consistent with this act until all funds 18 |
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30 | 31 | | have been expended. 19 |
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31 | 32 | | SECTION 1.(d) Use of Funds. – Funds appropriated to the Department by this act 20 |
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32 | 33 | | shall be used to provide grants to development tier one areas, as defined in G.S. 143B-437.08, 21 |
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33 | 34 | | for projects and initiatives that promote (i) self-sufficiency, (ii) infrastructure improvement, (iii) 22 |
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34 | 35 | | education, or (iv) workforce development. The Department may use up to one percent (1%) of 23 |
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35 | 36 | | the funds appropriated in this act for administration of the program and shall establish guidelines 24 |
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36 | 37 | | for providing for administration of the program. Those guidelines shall include, at a minimum, 25 |
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37 | 38 | | the following provisions, which shall apply to each grant from the program: 26 |
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38 | 39 | | (1) Only those counties that are designated as "development tier one areas" 27 |
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39 | 40 | | pursuant to G.S. 143B-437.08 during the year in which funding is disbursed 28 |
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40 | 41 | | are eligible to receive grant funding under this act. 29 |
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41 | 42 | | (2) A county may receive up to ten million dollars ($10,000,000) in grant funding 30 |
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42 | 43 | | under this act. 31 |
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43 | 44 | | (3) A county seeking funding under this act shall submit a proposal to the 32 |
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44 | 45 | | Department detailing the intended use of the funds they are requesting. The 33 |
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45 | 46 | | proposal shall include, at a minimum, evidence that the funding will be used 34 |
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46 | 47 | | for the promotion of (i) self-sufficiency, (ii) infrastructure improvement, (iii) 35 |
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49 | 54 | | (4) The proposal required pursuant to subdivision (3) of this subsection shall be 1 |
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50 | 55 | | reviewed and approved by the Department before grant funding is disbursed. 2 |
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51 | 56 | | The Department may issue grant funding under this act only to those 3 |
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52 | 57 | | applicants that the Department believes have sufficiently demonstrated that 4 |
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53 | 58 | | the indicated use of funds by the applicant county will achieve the purposes 5 |
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54 | 59 | | for which this grant program was established. 6 |
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55 | 60 | | SECTION 1.(e) Clawback. – If a county receives a grant under this act for which it 7 |
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56 | 61 | | is ineligible, the county forfeits the grant awarded under this act and is liable for the amounts 8 |
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57 | 62 | | received. 9 |
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58 | 63 | | SECTION 1.(f) Reporting. – On or before December 1, 2025, and at least annually 10 |
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59 | 64 | | thereafter until all grant funding appropriated and disbursed pursuant to this act has been 11 |
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60 | 65 | | exhausted, the Department shall submit a report to the chairs of the Joint Legislative Economic 12 |
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61 | 66 | | Development and Global Engagement Oversight Committee and the Fiscal Research Division 13 |
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62 | 67 | | detailing, at a minimum, the following: 14 |
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63 | 68 | | (1) The total amount of grant funding disbursed pursuant to this act. 15 |
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64 | 69 | | (2) The total number of counties who applied for funding. 16 |
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65 | 70 | | (3) The indicated uses for funding that counties included in the proposals required 17 |
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66 | 71 | | pursuant to this act. 18 |
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67 | 72 | | (4) The actual uses of the funding received by the counties under this act. 19 |
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68 | 73 | | On or before October 1, 2025, and at least annually thereafter until all grant funding 20 |
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69 | 74 | | received by the county has been exhausted and for which a report has been submitted, every 21 |
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70 | 75 | | county receiving grant funding under this act shall submit a report to the Department detailing, 22 |
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71 | 76 | | at a minimum, the following: (i) the uses to which the county put its grant funding, (ii) the total 23 |
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72 | 77 | | balance of unspent grant funding remaining, and (iii) any other information that the Department 24 |
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73 | 78 | | deems necessary to comply with its reporting obligation under this subsection. 25 |
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74 | 79 | | SECTION 2. If any provision of this act or its application is held invalid, the 26 |
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75 | 80 | | invalidity does not affect other provisions or applications of this act that can be given effect 27 |
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76 | 81 | | without the invalid provisions or application and, to this end, the provisions of this act are 28 |
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77 | 82 | | severable. 29 |
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78 | 83 | | SECTION 3. This act is effective when it becomes law. 30 |
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