North Carolina legislation · 2025-2026 Session
North Carolina S542: Western NC Support; Expand Comm. Eco. Dev.
Status: Introduced, March 26, 2025
What the bill says
An act to provide financial support for recovery efforts in western north carolina and to expand community economic development services.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO PROVIDE FINANCIAL SUPPORT FOR RECOVERY EFFORTS IN WESTERN NORTH CAROLINA AND TO EXPAND COMMUNITY ECONOMIC DEVELOPMENT SERVICES. The General Assembly of North Carolina enacts: SECTION 1.(a) There is appropriated from the General Fund to the National Institute of Minority Economic Development (Institute), a nonprofit corporation, twenty million three hundred thousand dollars ($20,300,000) in nonrecurring funds for the 2025-2026 fiscal year to be used by the Institute as follows: (1) Three hundred thousand dollars ($300,000) to provide programming support for three women's business centers that provide technical support and capacity building in western North Carolina, the Triad, and the Piedmont. (2) Five million dollars ($5,000,000) to Community Development Corporations (CDC), and to communities without CDCs, to expand community economic development services. (3) Ten million dollars ($10,000,000) to be used to assist residents in western North Carolina whose primary residence was damaged because of Hurricane Helene with long-term residential housing recovery efforts. (4) Five million dollars ($5,000,000) for the Institute Capital (I-CAP) institution for funding activities in the State. SECTION 1.(b) There is appropriated from the General Fund to the National Institute of Minority Economic Development (Institute), a nonprofit corporation, one million dollars ($1,000,000) in recurring funds for the 2025-2026 fiscal year to be used by the Institute to (i) assist with housing recovery …
Sponsors
- Blue, Dan (D, 14) · primary sponsor
- Robinson, Gladys A. (D, 28) · primary sponsor
- Lowe, Paul A. (D, 32) · primary sponsor
- Smith, Kandie D. (D, 5)
- Waddell, Joyce (D, 40)
Latest actions
- : Re-ref Com On Appropriations/Base Budget
- : Withdrawn From Com
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Filed
Subjects: CORPORATIONS, NONPROFIT, BUDGETING, COMMERCE, ECONOMIC DEVELOPMENT, SMALL BUSINESS, PUBLIC, DISASTERS & EMERGENCIES, HOUSING
Common questions
- What is S542?
- S542 is a bill in the North Carolina Legislature (2025-2026 Session): Western NC Support; Expand Comm. Eco. Dev.
- What does S542 do?
- In its own words: An act to provide financial support for recovery efforts in western north carolina and to expand community economic development services.
- What is the status of S542?
- Introduced as of March 26, 2025. Latest action: Re-ref Com On Appropriations/Base Budget (March 26, 2025).
- Who sponsored S542?
- Blue, Dan (D, 14), with 4 co-sponsors.
- Where is the official record for S542?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S542
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.