General assembly of north carolina



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§ 143B 435.1. Clawbacks.

(d) Report. – The By April 1 and October 1 of each year, the Department of Commerce shall report to the Revenue Laws Study Committee by April 1 and October 1 of each year Committee, the Joint Legislative Commission on Governmental Operations, the Senate Appropriations Committee on Natural and Economic Resources, the House of Representatives Appropriations Subcommittee on Natural and Economic Resources, and the Fiscal Research Division of the General Assembly on (i) all clawbacks that have been triggered under programs it administers the One North Carolina Fund established pursuant to G.S. 143B 437.71, the Job Development Investment Grant Program established pursuant to G.S. 143B 437.52, Job Maintenance and Capital Development Fund established pursuant to G.S. 143B 437.012, the Industrial Development Fund and Utility Account established pursuant to G.S. 143B 437.01, and the Site Infrastructure Fund established pursuant to G.S. 143B 437.02 and (ii) its progress on obtaining repayments. The report must include the name of each business, the event that triggered the clawback, and the amount forfeited or to be repaid."



SECTION 13.4.(c) G.S. 143B 437.01(c) and (c1) are repealed.

SECTION 13.4.(d) G.S. 143B 437.07 reads as rewritten:



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