A BILL TO BE ENTITLED
AN ACT to appropriate funds to the one North Carolina Fund to provide financial Assistance to Johnson & Wales University.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the One North Carolina Fund created under G.S. 143B‑437.71 the sum of two million five hundred thousand dollars ($2,500,000) for the 2009‑2010 fiscal year. Notwithstanding the provisions of G.S. 143B‑437.71, the Department of Commerce shall allocate the funds appropriated in this act to the One North Carolina Fund to Johnson & Wales University in Charlotte, a nonprofit educational institution, for the purpose of providing financial assistance to the University.
SECTION 2.  This act becomes effective July 1, 2009.