SB 424

Amends Section 11.11(d) of SL 2022-74 to allow EDPNC to allocate all funds appropriated to the North Carolina Megasite Fund (other than the first one million dollars) for local government grants for any of the purposes detailed in subsection (a) of 11.11 (was, limited to the acquisition of megasites determined by subdivision (1) of 11.11(d)). SL 2022-74 Section 11.11(a) includes the following purposes for the competitive grant program: identify and evaluate five megasites for preferred development and marketing, enable a local government or partnership of units to acquire a megasite, support the unit(s) in installing or upgrading public infrastructure needed to meet the needs of prospective megasite employers and in funding onsite preparation for megasites, and faciltating coordination between economic development entities and the North Carolina Department of Environmental Quality to expedite any environmental needs related to timely site development.