143B-437.60. Disbursement of grant.
A business may not receive an annual disbursement of a grant if, at the time of disbursement, the business has received a notice of an overdue tax debt and that overdue tax debt has not been satisfied or otherwise resolved. A business may receive an annual disbursement of a grant only after the Committee has certified that there are no outstanding overdue tax debts and that the business has met the terms and conditions of the agreement. No amount shall be disbursed to a business as a grant under this Part in any year until the Secretary of Revenue has certified to the Committee (i) that there are no outstanding overdue tax debts of the business and (ii) the amount of withholdings received in that year by the Department of Revenue from the business. A business that has met the terms of the agreement shall make an annual certification of this to the Committee. The Committee shall require the business to provide any necessary evidence of compliance to verify that the terms of the agreement have been met. The Committee shall certify the grant amount for which the business is eligible under the agreement and the grant amount for which the business would be eligible under the agreement without regard to G.S. 143B-437.56(d). The Department of Commerce shall remit a check to the business in the amount of the certified grant amount within 90 days of receiving the certification of the Committee. (2002-172, s. 2.1(a); 2003-416, s. 2; 2006-168, s. 1.9.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 143B - Executive Organization Act of 1973
Article 10 - Department of Commerce.
§ 143B-427 - Department of Commerce creation.
§ 143B-428 - Department of Commerce - declaration of policy.
§ 143B-429 - Department of Commerce - duties.
§ 143B-430 - Secretary of Commerce - powers and duties.
§ 143B-431 - Department of Commerce functions.
§ 143B-431.01 - Department of Commerce contracting of functions.
§ 143B-431.1 - Toll-free number for information on housing assistance.
§ 143B-431.2 - Department of Commerce - limitation on grants and loans.
§ 143B-431.3 - Human trafficking public awareness sign.
§ 143B-432 - Transfers to Department of Commerce.
§ 143B-432.1 - Department of Commerce - Small Business Ombudsman.
§ 143B-433 - Department of Commerce organization.
§ 143B-434.01 - Comprehensive Strategic Economic Development Plan.
§ 143B-434.1 - The North Carolina Travel and Tourism Board creation, duties, membership.
§ 143B-434.2 - Travel and Tourism Policy Act.
§ 143B-436 - Advertising of State resources and advantages.
§ 143B-437 - Investigation of impact of proposed new and expanding industry.
§ 143B-437.01 - Industrial Development Fund Utility Account.
§ 143B-437.02 - Site infrastructure development.
§ 143B-437.02A - The Film and Entertainment Grant Fund.
§ 143B-437.02B - The Esports Industry Grant Fund.
§ 143B-437.04 - Community development block grants.
§ 143B-437.05 - Regional Development.
§ 143B-437.07 - Economic development grant reporting.
§ 143B-437.08 - Development tier designation.
§ 143B-437.09 - Urban progress zone designation.
§ 143B-437.010 - Agrarian growth zone designation.
§ 143B-437.012 - Job Maintenance and Capital Development Fund.
§ 143B-437.013 - Port enhancement zone designation.
§ 143B-437.020 - Natural gas and propane gas for agricultural projects.
§ 143B-437.021 - (Expires July 1, 2026 see note) Natural gas economic development infrastructure.
§ 143B-437.4 - NC Green Business Fund and grant program.
§ 143B-437.5 - Green Business Fund Advisory Committee.
§ 143B-437.6 - Agreements required.
§ 143B-437.7 - Program guidelines.
§ 143B-437.50 - Legislative findings and purpose.
§ 143B-437.52 - Job Development Investment Grant Program.
§ 143B-437.53 - Eligible projects.
§ 143B-437.54 - Economic Investment Committee established.
§ 143B-437.55 - Applications; fees; reports; study.
§ 143B-437.56 - Calculation of maximum grants; factors considered.
§ 143B-437.56A - Multilocation projects.
§ 143B-437.57 - Community economic development agreement.
§ 143B-437.58 - Grant recipient to submit records.
§ 143B-437.59 - Failure to comply with agreement.
§ 143B-437.60 - Disbursement of grant.
§ 143B-437.61 - Transfer to Industrial Development Fund Utility Account.
§ 143B-437.63 - JDIG Program cash flow requirements.
§ 143B-437.70 - Legislative findings and purpose.
§ 143B-437.71 - One North Carolina Fund established as a special revenue fund.
§ 143B-437.72 - Agreements required; disbursement of funds.
§ 143B-437.73 - Program guidelines.
§ 143B-437.74 - Reports; study.
§ 143B-437.75 - Cash flow requirements.
§ 143B-437.80 - North Carolina SBIR/STTR Incentive Program.
§ 143B-437.81 - North Carolina SBIR/STTR Matching Funds Program.
§ 143B-437.82 - Program guidelines.
§ 143B-437.100 - North Carolina Certified Retirement Community Program creation; powers and duties.
§ 143B-437.101 - North Carolina Certified Retirement Community Program administration.
§ 143B-438.10 - NCWorks Commission.
§ 143B-438.11 - Local Workforce Development Boards.
§ 143B-438.12 - Federal Program Administration.
§ 143B-438.13 - Employment and Training Grant Program.
§ 143B-438.14 - "No Adult Left Behind" Initiative.
§ 143B-439 - Credit Union Commission.
§ 143B-442 - Creation of Center.
§ 143B-443 - Administration by Department of Commerce.
§ 143B-444 - Acceptance of funds.
§ 143B-445 - Applicability of Executive Budget Act.
§ 143B-451 - Navigation and pilotage commissions.
§ 143B-472.70 - Recodified as § 143-48.3 by Session Laws 2000-140, s5.95(a).
§ 143B-472.85 - through 143B-472.97Expired.
§ 143B-472.86 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.87 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.88 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.89 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.90 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.91 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.92 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.93 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.94 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.95 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.96 - 143B-472.85 through 143B-472.97Expired.
§ 143B-472.97 - 143B-472.85 through Expired.
§ 143B-472.126 - Rural Economic Development Division created.
§ 143B-472.127 - Programs administered.
§ 143B-472.128 - Rural Infrastructure Authority created; powers.