S481 - Fund Small Businesses/Department of Revenue Rulings/City Rights of Way. (SL 2016-103)

Overview: Part I of S.L. 2016-103 enacts the North Carolina Providing Access to Capital for Entrepreneurs and Small Business Act (NC PACES) that allows North Carolina investors to buy equity or debt offerings from North Carolina issuers if the transaction meets requirements for registration, disclosure, reporting, offering limit, and investment limit. The filing fee for an exemption notice is $150 and will be used by the Securities Division of the Department of the Secretary of State to administer and enforce the NC PACES Act.

This part became effective July 22, 2016.