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 seven hundred fifty‑nine thousand three hundred thirty‑six dollars ($759,336) for the 2007‑2008 fiscal year and the sum of seven hundred fifty‑nine thousand three hundred thirty‑six dollars ($759,336) for the 2008‑2009 fiscal year to be allocated to The North Carolina Association of Community Development Corporations, Inc., a nonprofit organization, for the purpose of assisting the organization with community‑based development activities, including enhancing the work of local community development corporations in the State.
SECTION 2.  This act becomes effective July 1, 2007.