A BILL TO BE ENTITLED
AN ACT to amend the formula used to designate development tiers.
The General Assembly of North Carolina enacts:
SECTION 1.  If House Bill 947, 2005 Regular Session, becomes law, then G.S. 105‑129.73(b), as created by that act, reads as rewritten:
"(b)	Development Factor. – Each year, on or before November 30, the Secretary of Commerce shall assign to each county in the State a development factor that is the sum of the following:
(1)	The county's rank in a ranking of counties by average rate of unemployment from lowest to highest, for the preceding 12 months.
(2)	The county's rank in a ranking of counties by average wage for all insured private employers in the county from highest to lowest, for the preceding 12 months.
(3)	The county's rank in a ranking of counties by percentage growth in population from highest to lowest, for the preceding 36 months.
(4)	The county's rank in a ranking of counties by assessed property value per capita, from highest to lowest, for the most recent taxable year."
SECTION 2.  This act is effective when it becomes law.