A BILL TO BE ENTITLED
AN ACT to appropriate funds to support the defense and security technology accelerator in the City of Fayetteville.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the Partnership for Defense Innovation, a nonprofit organization, the sum of two million five hundred thousand dollars ($2,500,000) for the 2007‑2008 fiscal year and the sum of one million dollars ($1,000,000) for the 2008‑2009 fiscal year to support the Defense and Security Technology Accelerator, a business incubator focusing on economic development opportunities in the industries relating to homeland security and national defense.
SECTION 2.  This act becomes effective July 1, 2007.