GENERAL ASSEMBLY OF NORTH CAROLINA

SECOND EXTRA SESSION 1996

H	1 

HOUSE BILL 39

Short Title:  NC Biotechnology Center Funds.	(Public)

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Sponsors: Representatives Yongue; Culp and Watson.

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Referred to:  Rules.

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July 10, 1996

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO THE NORTH CAROLINA BIOTECHNOLOGY CENTER FOR THE BUSINESS DEVELOPMENT PROGRAM.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to the North Carolina Biotechnology Center the sum of two million dollars ($2,000,000) for the 1996-97 fiscal year for the business development program to provide seed loans to North Carolina start-up companies and bioscience companies moving to North Carolina.  The North Carolina Biotechnology Center shall not use any of these funds for personnel or other overhead expenditures.
Sec. 2.  This act becomes effective July 1, 1996.