House Bill 298 Moves Through House Commerce Committee

Jamie Boles Jr.

An “Act to Expand Eligibility for Utility Account Funds” sponsored by Reps Jamie Boles and Allen McNeill moved through the House Committee on Commerce with a favorable report. North Carolina’s Industrial Development Fund Utility Account or the Utility Account, provides infrastructure grants to local governments in Tier 1 and Tier 2 counties. This money is designated for construction or improvements exclusively for infrastructure projects. This legislation is seeking to allow the seven lowest ranked Tier 3 counties to be eligible for the Utility Account funds. Reps Boles and McNeill, along with Senator Tom McInnis who has a companion bill in the Senate, will continue to work hard to see this bill pass.