A BILL TO BE ENTITLED
AN ACT to provide immediate and recurring funding for peg channel grants.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the Department of Commerce for allocation to the e‑NC Authority the sum of sixty thousand dollars ($60,000) for the 2010‑2011 fiscal year to be used for PEG Channel Grants provided for in G.S. 66‑359.  These funds shall not revert except upon subsequent action of the General Assembly.
SECTION 2.  G.S. 105‑164.44I(b) reads as rewritten:
"(b)	Supplemental PEG Channel Support. – G.S. 105‑164.44J sets out the requirements for receipt by a county or city of supplemental PEG channel support funds distributed under this subsection. The Secretary must include the applicable amount of supplemental PEG channel support in each quarterly distribution to a county or city. The amount to include is one‑fourth of twenty‑five thousand dollars ($25,000) for each qualifying PEG channel certified by the county or city under G.S. 105‑164.44J. A county or city may not receive PEG channel support under this subsection for more than three qualifying PEG channels.
The amount of money distributed under this subsection may not exceed two million five hundred thousand dollars ($2,500,000) in a fiscal year, plus the amount of any funds returned to the Secretary in the prior fiscal year under G.S. 105‑164.44J(d). If the amount to be distributed for qualifying PEG channels in a fiscal year would otherwise exceed this maximum amount, the Secretary must proportionately reduce the applicable amount distributable for each PEG channel. If the amount to be distributed for qualifying PEG channels in a fiscal year is less than this maximum amount, the Secretary must credit the excess amount to the PEG Channel Fund established in G.S. 66‑359. For purposes of this subsection, the term "qualifying PEG channel" has the same meaning as in G.S. 105‑164.44J."
SECTION 3.  Section 1 of this act becomes effective July 1, 2010.  Section 2 of this act becomes effective July 1, 2011, and applies to distributions made 75 days after September 30, 2011, for the quarter starting July 1, 2011.