GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

H	1 

HOUSE BILL 540

Short Title:  NC Biotechnology Center Funds.	(Public)

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Sponsors: Representatives Yongue; Baddour, Bonner, Goodwin, H. Hunter, Mitchell, and Moore.

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Referred to:  Appropriations.

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March 19, 1997

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO THE NORTH CAROLINA BIOTECHNOLOGY CENTER FOR PLANNING FOR CONSTRUCTION OF A PARKING DECK.
Whereas, the Biotechnology/Bioscience industry is growing rapidly in North Carolina; and
Whereas, meetings that share information, build infrastructure, and provide community development are growing in size along with the industry itself; and
Whereas, the North Carolina Biotechnology Center (Center) hosts over 2,000 meetings attended by 30,000 people each year; and
Whereas, more than 400 people attend meetings at the Center at any time, resulting in twice as many people attending meetings as originally projected; and
Whereas, this high level of use causes traffic hazards due to persons attempting to park along side streets leading to the Center; and
Whereas, the parking changes planned for the Center will provide 75 to 80 new parking spaces, alleviating congestion and potential traffic liabilities;  Now, therefore,
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to the North Carolina Biotechnology Center, a nonprofit corporation, the sum of three hundred thousand dollars ($300,000) for the 1997-98 fiscal year for planning for a parking deck at the Center.
Section 2.  This act becomes effective July 1, 1997.