A BILL TO BE ENTITLED
AN ACT to appropriate funds to the one North Carolina Fund to provide financial Assistance to Johnson and Wales University.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the One North Carolina Fund created under G.S. 143B‑437.71 the sum of seven million dollars ($7,000,000) for the 2006‑2007 fiscal year. Notwithstanding the provisions of G.S. 143B‑437.71, the Department of Commerce shall allocate the funds appropriated in this act to the One North Carolina Fund to Johnson and Wales University in Charlotte for the purpose of providing financial assistance to the University.
SECTION 2.  This act becomes effective July 1, 2006.