GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	1 

SENATE BILL 1402

Short Title:  NC Technological Dev. Authority Funds. 	(Public)

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Sponsors: Senator Martin of Pitt.

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Referred to:  Appropriations/Base Budget.

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May 24, 2000

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO THE NORTH CAROLINA TECHNOLOGICAL DEVELOPMENT AUTHORITY, INC.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to the North Carolina Technological Development Authority, Inc., a nonprofit corporation, the sum of fifteen million dollars ($15,000,000) for the 2000-2001 fiscal year for entrepreneurial support and infrastructure including creating new business incubators, enhancing existing incubators, developing capital formation initiatives, and supporting research commercialization programs.
Section 2.  This act becomes effective July 1, 2000.