Laserfiche WebLink
in North Carolina. Monies allocated from the Fund shall be used for the following <br />purposes: <br /> (~1) Installation or purchase of equipment; <br /> (_) Structural repairs, improvements, or renovations of existing <br /> buildings to be used for expansion; and <br /> (3) Construction of or improvements to new or existing water, sewer, <br /> gas or electric utility distribution lines, or equipment for existing <br /> buildings. <br /> Monies may also be used for construction of or improvements to new or <br />existing water, sewer, gas or electric utility distribution lines, or equipment to serve <br />new or proposed industrial buildings used for manufacturing and industrial <br />operations. The Governor shall adopt guidelines and procedures for the commitment <br />of monies from the Fund. <br /> (b) The Department of Commerce shall report on or before October 1, <br />1997, and quarterly thereafter to the Joint Legislative Commission on Governmental <br />Operations on the commitment, allocation, and use of funds allocated from the <br />Industrial Recruitment Competitive Fund. <br /> <br />Requested by: Representatives Mitchell, Baker, Carpenter, H. Hunter, Senator Martin <br />of Pitt <br />COUNCIL OF GOVERNMENI FUNDS <br /> Section 16.5. (a) Of the funds appropriated in this act to the <br />Department of Commerce, eight hundred sixty-four thousand two hundred seventy <br />dollars (S864,270) for the 1997-98 fiscal year and eight hundred sixty-four thousan8 <br />two hundred seventy dollars (5864,270) for the 1998-99 fiscal year shall 6f~ly be used <br />as provided by this section. Each regional council of government or lead regional <br />organization is allocated up to forty-eight thousand fifteen dollars (S48,015) for each <br />fiscal year, with the actuaI amount calculated as provided m subsection (b) of this <br />section. <br /> (b) The funds shall be allocated as foliows: A share of the maximum <br />forty-eight thousand fifteen dollars ($48,015) each fiscal year shall be allocated to <br />each county and smaller city based on the most recent annuaI estimate of the Office <br />of State Planning of the population of that county (.less the population of any larger <br />city within that county) or smaller city, divided by the sum of the total population of <br />the region (less the population of larger cities within that region) and the total <br />population of the region living in smaller cities. Those funds shall be paid to the <br />regional council of government for the region in which that city or county is located <br />upon receipt by the Department of Commerce of a resolution of the governing board <br />of the county or city requesting release of the funds.. If any city or county does not so <br />request payment of funds by June 30 of a State fiscal year, that share of the allocation <br />for that fiscal year shall revert to the General Fund. <br /> (c) A regional council of go. vernment may use funds appr. opriated by this <br />section only to assist local governments In grant applications, economic development, <br />community development, support of local industrial development activities, and other <br />activities as deemed appropriate by the member governments. <br /> (d) Funds appropriated by this section shall not be used for payment of <br />dues or assessments by the member governments and shall not supplant funds <br />appropriated by the member governments. <br /> (e) As used in this section, "Larger City" means an incorporated city <br />with a population of 50,000 or over. "Smaller City" means any other incorporated <br />city. <br /> <br />Requested by: Senator Martin of Pitt, Representatives Mitchell, Baker, Carpenter <br /> <br />Senate Bili 352 Page 329 <br /> <br /> <br />