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S542 • 2025

Western NC Support; Expand Comm. Eco. Dev.

Western NC Support; Expand Comm. Eco. Dev.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Blue, Robinson, Lowe, Smith, Waddell
Last action
2025-03-26
Official status
Re-ref Com On Appropriations/Base Budget
Effective date
2025-07-01

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Western NC Support; Expand Comm. Eco. Dev.

Western NC Support; Expand Comm.

What This Bill Does

  • Western NC Support; Expand Comm.
  • Eco.
  • Dev.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-03-26 Senate

    Re-ref Com On Appropriations/Base Budget

  2. 2025-03-26 Senate

    Withdrawn From Com

  3. 2025-03-26 Senate

    Ref To Com On Rules and Operations of the Senate

  4. 2025-03-26 Senate

    Passed 1st Reading

  5. 2025-03-25 Senate

    Filed

Official Summary Text

Western NC Support; Expand Comm. Eco. Dev.

Current Bill Text

Read the full stored bill text 
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S 1
SENATE BILL 542

Short Title: Western NC Support; Expand Comm. Eco. Dev. (Public)
Sponsors: Senators Blue, Robinson, and Lowe (Primary Sponsors).
Referred to: Rules and Operations of the Senate
March 26, 2025
*S542-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO PROVIDE FINANCIAL SUPPORT FOR RECOVERY EFFORTS IN WESTERN 2
NORTH CAROLINA AND TO EXPAND COMMUNITY ECONOMIC DEVELOPMENT 3
SERVICES. 4
The General Assembly of North Carolina enacts: 5
SECTION 1.(a) There is appropriated from the General Fund to the National 6
Institute of Minority Economic Development (Institute), a nonprofit corporation, twenty million 7
three hundred thousand dollars ($20,300,000) in nonrecurring funds for the 2025-2026 fiscal year 8
to be used by the Institute as follows: 9
(1) Three hundred thousand dollars ($300,000) to provide programming support 10
for three women's business centers that provide technical support and capacity 11
building in western North Carolina, the Triad, and the Piedmont. 12
(2) Five million dollars ($5,000,000) to Community Development Corporations 13
(CDC), and to communities without CDCs, to expand community economic 14
development services. 15
(3) Ten million dollars ($10,000,000) to be used to assist residents in western 16
North Carolina whose primary residence was damaged because of Hurricane 17
Helene with long-term residential housing recovery efforts. 18
(4) Five million dollars ($5,000,000) for the Institute Capital (I -CAP) institution 19
for funding activities in the State. 20
SECTION 1.(b) There is appropriated from the General Fund to the National 21
Institute of Minority Economic Development (Institute), a nonprofit corporation, one million 22
dollars ($1,000,000) in recurring funds for the 2025 -2026 fiscal year to be used by the Institut e 23
to (i) assist with housing recovery efforts in western North Carolina, (ii) provide State match 24
funding for federal disaster -recovery State match requirements, and (iii) provide technical 25
assistance and community development services in other parts of the State. 26
SECTION 2. This act becomes effective July 1, 2025. 27