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H1137 • 2025
Appropriation to the Lake Norman CDC.
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
Appropriation to the Lake Norman CDC.
Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House
Passed 1st Reading
Filed
Appropriation to the Lake Norman CDC.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 H 1 HOUSE BILL 1137 Short Title: Appropriation to the Lake Norman CDC. (Public) Sponsors: Representative Helfrich. For a complete list of sponsors, refer to the North Carolina General Assembly web site. Referred to: Appropriations, if favorable, Rules, Calendar, and Operations of the House May 4, 2026 *H1137-v-1* A BILL TO BE ENTITLED 1 AN ACT TO APPROPRIAT E FUNDS TO THE LAKE NORMAN COMMUNITY 2 DEVELOPMENT CORPORATION FOR THE SMITHVILLE REVITALIZATION PLAN 3 AND AFFORDABLE HOUSING. 4 The General Assembly of North Carolina enacts: 5 SECTION 1 . There is appropriated from the General Fund to the Lake Norman 6 Community Development Corporation (Corporation) the sum of four million dollars 7 ($4,000,000) in nonrecurring funds for the 2026-2027 fiscal year to be allocated as follows: 8 (1) Two million dollars ($2,000,000) for the imple mentation of the Smithville 9 Revitalization Plan, including property acquisition and development of 10 affordable homes. 11 (2) Two million dollars ($2,000,000) for the development of affordable housing 12 as deemed appropriate by the Corporation, but not to be used for the 13 Smithville Revitalization Plan. 14 SECTION 2. The Corporation may use up to fifteen percent (15%) of the funds 15 appropriated for administrative costs. 16 SECTION 3. This act becomes effective July 1, 2026. 17