GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

S	1 

SENATE BILL 772

Short Title:  Business Incubator Funds.	(Public)

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Sponsors: Senators Shaw of Cumberland; Jordan and Lucas.

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Referred to:  Appropriations.

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April 9, 1997

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO THE DEPARTMENT OF COMMERCE TO ESTABLISH BUSINESS INCUBATORS TO ASSIST NEW AND SMALL BUSINESSES IN URBAN AREAS AND SMALL TOWNS.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to the Department of Commerce the sum of seven million five hundred thousand dollars ($7,500,000) for the 1997-98 fiscal year to establish business incubators in urban areas and small cities to provide start-up funds and other assistance to new and small businesses.
Section 2.  This act becomes effective July 1, 1997.