A BILL TO BE ENTITLED
AN ACT to appropriate funds to the north carolina association of community development corporations for community-based development activities.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the Department of Commerce the sum of five hundred fifty‑nine thousand three hundred thirty‑six dollars ($559,336) for the 2006‑2007 fiscal year in recurring funds and the sum of two hundred thousand dollars ($200,000) for the 2006‑2007 fiscal year in nonrecurring funds to be allocated to The North Carolina Association of Community Development Corporations, Inc., for the purpose of strengthening the State's economy through community-based development activities, including enhancing the work of community development corporations in building prosperous communities.
SECTION 2.  This act becomes effective July 1, 2006.