North Carolina Administrative Code
Title 04 - COMMERCE
Chapter 01 - DEPARTMENTAL RULES
Subchapter I - INDUSTRIAL DEVELOPMENT FUND
Section .0500 - RESERVATION OF FUNDS
Section 01I .0502 - LIMITATIONS

Universal Citation: 04 NC Admin Code 01I .0502
Current through Register Vol. 39, No. 6, September 16, 2024

A request for a reservation of funds may be approved for a project if the funds required do not exceed one-half of the total of program funds available and not previously committed. The total of programs funds not previously committed shall include appropriated funds, those funds received in repayment from recipients, interest earned, and funds not used and reverted from either approved projects or from "reserved" funds.

Authority G.S. 143B-437.01;
Temporary Rule Eff. November 16, 1987 For a Period of 180 Days to Expire on May 15, 1988;
Eff. May 1, 1988;
Temporary Amendment Eff. January 11, 1999;
Codifier determined that agency findings did not meet criteria for temporary rule;
Temporary Amendment Eff. October 6, 1999;
Amended Eff. August 1, 2000;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. September 6, 2016.

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