GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

H	1 

HOUSE BILL 1799*

Short Title:  Depressed Inner City Development Funds.  	(Public)
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Sponsors: Representatives Wright; and Kennedy.
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Referred to:  Appropriations.
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May 30, 1994

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS FOR GRANTS TO COMMUNITY DEVELOPMENT CORPORATIONS FOR LOCAL DEVELOPMENT OF DEPRESSED URBAN COMMERCIAL AREAS.
The General Assembly of North Carolina enacts:
Section 1.  (a) Appropriation. – There is appropriated from the General Fund to the Department of Commerce the sum of one million dollars ($1,000,000) for the 1994-95 fiscal year to provide grants to community development corporations to support community economic development projects and activities in depressed urban commercial areas.
(b)	Definitions. – The following definitions apply in this act:
(1)	Community Development Corporation. – An organization that:
a.	Is a neighborhood-based nonprofit corporation;
b.	Is controlled by area residents;
c.	Directs community development initiatives in economically distressed areas; and
d.	Is characterized by comprehensive community programs designed to enhance the overall quality of life through the elimination of blight and the economic empowerment of area residents.
(2)	Depressed Urban Commercial Area. – A commercial or industrial area of a city in which, as determined by the Secretary of Commerce, blight exists in the form of dilapidated, deteriorated, poorly ventilated, obsolete, overcrowded, unsanitary, or unsafe buildings; inadequate and unsafe streets; inadequate lots; or other conditions detrimental to the sound growth of the community, which tend to depress the value of neighboring properties, impair the tax base of the community, and inhibit private efforts to rehabilitate or improve other structures in the area.
(c)	Performance-Based Criteria; Reports. – The Department of Commerce shall establish and implement performance-based criteria for determining which community development corporations will receive a grant and the grant amounts.  The Department of Commerce shall report quarterly on the use of these funds to the Joint Legislative Commission on Governmental Operations and the Fiscal Research Division.
Sec. 2.  This act becomes effective July 1, 1994.