summary
Introduced
03/25/2025
03/25/2025
In Committee
03/26/2025
03/26/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Session
Bill Summary
AN ACT TO APPROPRIATE FUNDS TO THE TOWN OF EDENTON FOR DOWNTOWN DEVELOPMENT.
AI Summary
This bill appropriates $11 million in nonrecurring funds from the General Fund to the Office of State Budget and Management specifically for the TEAPOT Project, which is a downtown development initiative in the Town of Edenton, North Carolina. The funds are designated for the 2025-2026 fiscal year and can be used for building renovation and additional downtown development efforts. The bill specifies that the appropriation will take effect on July 1, 2025, providing a clear timeline for the funding allocation. By targeting downtown development, the bill aims to support economic revitalization and potentially improve infrastructure and amenities in the town of Edenton.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Re-ref Com On Appropriations/Base Budget (on 03/26/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2025/S501 |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/Senate/PDF/S501v1.pdf |
| BillText | https://www.ncleg.gov/Sessions/2025/Bills/Senate/PDF/S501v0.pdf |
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