North Carolina SB 501: Funds for TEAPOT Project.

Status: Passed 1st Reading (as of 2025-03-26)

State: North Carolina · Session: 2025 · Bill: SB 501

Subjects: APPROPRIATIONS; BUDGETING; CAPITAL SPENDING; COUNTIES; ECONOMIC DEVELOPMENT; LOCAL GOVERNMENT; MUNICIPALITIES; PUBLIC; URBAN DEVELOPMENT; CHOWAN COUNTY; EDENTON

Sponsors: Sanderson

Bill Text

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
S 1
SENATE BILL 501

Short Title: Funds for TEAPOT Project. (Public)
Sponsors: Senator Sanderson (Primary Sponsor).
Referred to: Rules and Operations of the Senate
March 26, 2025
*S501-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO APPROPRIATE FUNDS TO THE TOWN OF EDENTON FOR DOWNTOWN 2
DEVELOPMENT. 3
The General Assembly of North Carolina enacts: 4
SECTION 1. There is appropriated from the General Fund to the Office of State 5
Budget and Management the sum of eleven million dollars ($11,000,000) in nonrecurring funds 6
for the 2025-2026 fiscal year for the downtown development in the Town of Edenton, known as 7
the TEAPOT Project. These funds may be used for building renovation and additional downtown 8
development. 9
SECTION 2. This act becomes effective July 1, 2025. 10

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