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HB 359

An Act amending the act of July 11, 1990 (P.L.465, No.113), known as the Tax Increment Financing Act, further providing for definitions, for powers of authorities, for creation of tax increment districts and approval of project plans and for financing of project costs.

2025-2026 Regular Session Introduced by Tim Brennan and 13 co-sponsors

The bill directs a one-time $2 million state appropriation to the City of Jacksonville for water and wastewater infrastructure projects for FY 2025–26.

Referred to Community, Economic & Recreational Development
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Bill Summary · HB 359

HB 359 — Jacksonville Infrastructure Fund (North Carolina)

Status: Passed 1st Reading
Introduced: November 12, 2024
Primary sponsor: Representative Gable
Subject areas: Appropriations; Capital spending; Local government; Water & wastewater infrastructure; Onslow County / City of Jacksonville

Main purpose

Provide a targeted, one-time state appropriation to the City of Jacksonville to support water and wastewater infrastructure projects.

Key provisions

  • Appropriation: $2,000,000 (two million dollars) from the State General Fund to the City of Jacksonville.
  • Nature of funds: Nonrecurring (one-time) for the 2025–2026 fiscal year.
  • Authorized use: Funds are to be used by the city for water and wastewater infrastructure projects (no further project-level restrictions or matching requirement appear in the bill text).
  • Effective date: July 1, 2025.

Who is affected

  • Direct recipient: City of Jacksonville (Onslow County).
  • Indirectly affected: Jacksonville residents, businesses, and customers served by the city’s water and wastewater systems; state General Fund (one-time reduction of $2 million available for other uses in FY 2025–26).
  • No new state agency program or recurring obligation is created by the bill.

Fiscal impact

  • State: One-time General Fund expenditure of $2,000,000 in FY 2025–26.
  • Local: The city receives $2,000,000 to apply toward capital or related water/wastewater projects; potential local economic, public‑health, and environmental benefits depending on project choices. The bill text does not include reporting, matching, or grant-administration details.

Procedural / timeline notes

  • Introduced Nov. 12, 2024; passed first reading on Feb. 28, 2025.
  • Referred to relevant House committees (e.g., Trade, Workforce & Economic Development; Appropriations/Ways & Means) for review and recommendation. As of March 19, 2025 the bill was pending further committee action in the Second House (Finance and Taxation General Fund) and had activity indicating consideration for third reading in the House of origin.
  • If enacted, funds are available for the 2025–2026 fiscal year and the act becomes effective July 1, 2025.

Implementation considerations

  • The bill does not specify project eligibility criteria, procurement, or reporting/oversight requirements; those details (if needed) would be handled by the city or through subsequent state administrative direction.
  • Because the appropriation is nonrecurring, any ongoing operational or maintenance costs resulting from capital projects would be a local responsibility unless later state funding is provided.

Compiled from official sources — confirm details with the bill’s official record.

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