A BILL TO BE ENTITLED
AN ACT to assist the city of greensboro with hosting the national figure skating championship in 2020.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the Office of State Budget and Management (OSBM) the sum of one hundred fifty thousand dollars ($150,000) for the 2019‑2020 fiscal year to the City of Greensboro to offset the cost of renting the Greensboro Coliseum for the 2020 U.S. Figure Skating Championships. OSBM shall release the funds to the City of Greensboro upon receipt of a copy of an executed lease between the City and U.S. Figure Skating which contains a provision that the City shall reduce the rental fee by an amount that is equal to any State appropriation for the purpose of offset.
SECTION 2.  This act becomes effective July 1, 2019.