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NC S502

NC S502
Cape Carteret Capital Funds


summary

Introduced
03/25/2025
In Committee
03/26/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Session

Bill Summary

AN ACT TO APPROPRIATE FUNDS TO THE TOWN OF CAPE CARTERET FOR CAPITAL NEEDS.

AI Summary

This bill appropriates $3.3 million in nonrecurring funds from the General Fund to the Office of State Budget and Management, specifically designated as a directed grant to the Town of Cape Carteret for the 2025-2026 fiscal year. The funds are earmarked for constructing a new multipurpose facility that will serve three critical municipal functions: housing the town hall, providing a headquarters for the police department, and establishing an emergency operations center. The appropriation is a one-time allocation, meaning the funds are not part of a recurring budget, and the bill specifies that these funds will become available on July 1, 2025. This type of legislative appropriation is a common way for state governments to provide financial support to local municipalities for significant infrastructure projects that enhance municipal services and community resilience.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Re-ref Com On Appropriations/Base Budget (on 03/26/2025)

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