§ 143B-437.63. JDIG Program cash flow requirements. - North Carolina Statutes

§ 143B‑437.63.  JDIGProgram cash flow requirements.

Notwithstanding any otherprovision of law, grants made through the Job Development Investment GrantProgram, including amounts transferred pursuant to G.S. 143B‑437.61,shall be budgeted and funded on a cash flow basis. The Office of State Budgetand Management shall periodically transfer funds from the JDIG Reserveestablished pursuant to G.S. 143C‑9‑6 to the Department of Commercein an amount sufficient to satisfy grant obligations and amounts to be transferredpursuant to G.S. 143B‑437.61 to be paid during the fiscal year.  (2004‑124, s. 6.12(b);2009‑445, s. 40; 2009‑570, s. 22.)