A BILL TO BE ENTITLED
AN ACT to modify the contractual requirements of the Economic development partnership of North Carolina for one year.
The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding G.S. 143B‑437.01(e)(14), the Secretary shall enter into negotiations with the Economic Development Partnership of North Carolina to amend the contract with the Partnership to reduce to seven hundred fifty thousand dollars ($750,000) the amount the Partnership must receive from fund‑raising efforts and sources other than State funds for the fund‑raising year in effect as of the effective date of this act.
SECTION 2.  This act is effective when it becomes law.