A super-busy week in Raleigh:

HB 1050 - Omnibus Tax Changes was signed by the Governor after the House concurred in the Senate changes. It is now Session Law 2014-3 and can be found here: http://www.ncleg.net/Sessions/2013/Bills/House/PDF/H1050v6.pdf

SB 786 - The Energy Modernization Act (Fracking) was ratified and presented to the Govenror for his signature. The final version of the bill is here: http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S786v7.pdf

The State Budget: 

The Senate released its $21.2 billion spending plan and plans its first floor vote late Friday. 

Senate Bill 744 can be viewed here: http://www.ncleg.net/Sessions/2013/Bills/Senate/PDF/S744v2.pdf.

There is a Money Report which of budget adjustments which accompanies the bill: http://www.ncleg.net/sessions/2013/budget/2014/S744_Committee_Report_2014-05-29-2.pdf

Week Ahead:

SB 743 - NC Economic Development Partnership Modifications, introduced by Senator Brown (identical to HB 1031, Rep. Murry which we wrote about earlier), will likely be heard in the Senate Commerce Committee next week. The bill text is here: http://www.ncleg.net/Sessions/2013/Bills/House/PDF/H1032v3.pdf

The House will begin its version of the State Budget.

HB 1032 on Patent Trolling will is on the House Calendar for Monday night. The latest version of the bill is here: http://www.ncleg.net/Sessions/2013/Bills/House/PDF/H1032v3.pdf

HB 1101 and HB 1102 on Mechanics Liens are calendared in the House for Monday night. Latest verions are here: http://www.ncleg.net/Sessions/2013/Bills/House/PDF/H1101v2.pdf  and here: http://www.ncleg.net/Sessions/2013/Bills/House/PDF/H1102v1.pdf

Topics:  Economic Development, Fracking, Legislative Agendas, Mechanics Lien, Patent Trolls, State Budgets, Tax Reform

Published In: Elections & Politics Updates, Energy & Utilities Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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