A BILL TO BE ENTITLED
AN ACT to provide funding to the Carolina Small business DEVELOPMENT fund for low‑rate loans to historically underutilized businesses.
The General Assembly of North Carolina enacts:
SECTION 1.  Notwithstanding G.S. 143C‑5‑2, there is appropriated from the General Fund to the Carolina Small Business Development Fund the amount of two million five hundred thousand dollars ($2,500,000) in nonrecurring funds for the 2019‑2020 fiscal year for the purpose of providing recurring low‑rate loans to historically underutilized businesses.
SECTION 2.  This act is effective when it becomes law.