A BILL TO BE ENTITLED
AN ACT to modernize the requirements of the Comprehensive strategic economic development plan and to simplify and streamline other reporting requirements for the department of commerce.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 143B‑434.01 reads as rewritten:
"§ 143B‑434.01.  Comprehensive Strategic Economic Development Plan.
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(e)	Environmental Scan. – The first step in developing the Plan shall be to develop an environmental scan based on the input from economic development parties and the public and on information about the economic environment in North Carolina. To prepare the scan, the Board shall gather the following information and ensure that the information is updated periodically. The updated information may be provided in whatever format and through whatever means is most efficient.
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(f)	
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(k)	Annual Evaluation. – The Board shall annually evaluate the State's economic performance based upon the statistics listed in this subsection and upon the Board's stated goals and objectives in its Plan.  The statistics upon which the evaluation is made should be available to policymakers. The information may be provided in whatever format and through whatever means is most efficient.

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	(l)	Accountability. – The Board shall make all data, plans, and reports available to the General Assembly, the Joint Legislative Commission on Governmental Operations, and the Joint Legislative Economic Development and Global Engagement Oversight Committee at appropriate times and upon request. The Board shall prepare and make available on an annual basis public reports on each of the major sections of the Plan and the Annual Report indicating the degree of success in attaining each development objective."
SECTION 2.  G.S. 143B‑435.1 reads as rewritten:
"§ 143B‑435.1.  Clawbacks.
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(d)	Report. – By April 1 and October 1 of each year, the Department of Commerce shall report to the Revenue Laws Study  Committee, the Joint Legislative Commission on Governmental Operations, and the Fiscal Research Division on (i) all clawbacks that have been triggered under the One North Carolina Fund established pursuant to G.S. 143B‑437.71, the Job Development Investment Grant Program established pursuant to G.S. 143B‑437.52, Job Maintenance and Capital Development Fund established pursuant to G.S. 143B‑437.012, the Industrial Development Fund and Utility Account established pursuant to G.S. 143B‑437.01, and the Site Infrastructure Fund established pursuant to G.S. 143B‑437.02 and (ii) its progress on obtaining repayments. The report must include the name of each business, the event that triggered the clawback, and the amount forfeited or to be repaid."
SECTION 3.  G.S. 143B‑437.01(c) and (c1) are repealed.
SECTION 4.  G.S. 143B‑437.07 reads as rewritten:
"§ 143B‑437.07.  Economic development grant reporting.
(a)	Report. – The Department of Commerce must publish on or before October 1 of each year the information required by this subsection, itemized by business entity, for each business or joint private venture to which the State has, in whole or in part, granted one or more economic development incentives during the previous  fiscal year. The information in the report must include all of the following:
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(2)	The date of the award and the date of the award agreement.
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(b)	Online Posting/Written Submission. – The Department of Commerce must post on its Internet Web site a summary of the report compiled in subsection (a) of this section. The summary report must include the information required by subdivisions (2), (9), (11), and (12) of subsection (a) of this section. By October 1 of each year, the Department of Commerce must submit the written report required by subsection (a) of this section to the Joint Legislative Commission on Governmental Operations, the Joint Legislative Economic Development and Global Engagement Oversight Committee, the Revenue Laws Study Committee, and the Fiscal Research Division of the General Assembly.
(c)	Economic Development Incentive. – An economic development incentive includes any grant  from the following programs: Job Development Investment Grant Programs; the Job Maintenance and Capital Development Fund; One North Carolina Fund; and the Industrial Development Fund, including the Utility Account. The State also incents economic development through the use of tax expenditures in the form of tax credits and refunds. The Department of Revenue must report annually on these statutory economic development incentives, as required under G.S. 105‑256."
SECTION 5.  G.S. 143B‑437.08 reads as rewritten:
"§ 143B‑437.08.  Development tier designation.
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(k)	Report. – By November 30 of each year, the Secretary of Commerce shall submit a written report to the Joint Legislative Commission on Governmental Operations and the Fiscal Research Division on the tier rankings required by subsection (c) of this section, including a map of the State whereupon the tier ranking of each county is designated."
SECTION 6.  G.S. 143B‑437.55(d) is repealed.
SECTION 7.  This act is effective when it becomes law.