H74 - House Budget Technical Corrections. (SL 2025-4)

Overview: Section 4.2 of S.L. 2025‑4 (House Bill 74) revises the Megasites Readiness Program as follows:

• Removes the requirement that certain infrastructure be publicly owned to qualify for funding.
• Broadens the scope of qualifying electrical work from "electrical utility lines" to "electric infrastructure."
• Adds a North Carolina nonprofit organization that is tax exempt under 501(c)(12) to the definition of "government partnership."
• Expands the eligible allocation of funds to include purposes beyond site selection and acquisition.
• Requires that money for megasite agreements be disbursed in full to the Economic Development Partnership of North Carolina.

This section became effective May 14, 2025.