S257 - 2026 Appropriations Act. (SL 2026-41)

Session Year 2024

Overview: Section 5A.11 of S.L. 2026-41 (Senate Bill 257), as amended by Section 1.2 of S.L. 2026-42 (House Bill 56), does the following:

  • Directs the State Controller to transfer $4.5 million to the Office of State Budget and Management for the Town of Fair Bluff for the riverwalk project that was destroyed.
  • Requires that any funds remaining in the NC Office of Recovery & Resiliency cashflow loan program revert to the Savings Reserve upon the closure of the program.
  • Requires the Office of State Budget and Management to submit a report on the closeout of the cashflow loan program to the Joint Legislative Emergency Management Oversight Committee and Fiscal Research Division within six months of the closure of the program.

This section became effective on July 1, 2026.

Additional Information: