Agenda - 03-08-1995 - II-B-1 (not agenda item)

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Page 4 Weekly Bulletin S 198. LOW-WEALTH PP. F - SCHOOL SU FUNDS. TO APPROPRIATE FUNDS FOR LOW WEALTH SCHOOL . SYSTEMS'SUPPLEMENTAL FUNDING. Appropriates$65 million for 1995-96 and $65 million for 1996-97 from General Fund to Dep't of Public Instruction, State Aid to Local School Admin. Units, as title indicates. Effective July 1, 1995. Intro. by Rand. Ref.to Education/Higher Education GS APPROP S 199. PESTICIDE LAW AMENDMENTS (=H 117). TO PROHIBIT FARMERS FROM CONTRACTING FOR THE AERIAL APPLICATION OF PESTICIDES IN RESTRICTED AREAS AND TO LIMIT THE AMOUNT OF THE CIVIL PENALTY TO BE LEVIED BY THE PESTICIDE BOARD IN CASES WHERE THERE IS ONLY VEGETATIVE DAMAGE IN THE NONTARGET AREA. Identical to H 117, introduced 2/7/95. Intro. by Albertson. Ref.to Agricufture/Environment/Nat. Resources GS 143 S 200. AGRICULTURAL LAWS PENALTIES (=H 116). TO PROVIDE FOR CIVIL PENALTIES FOR VIOLATIONS OF THE GASOLINEAND OIL INSPECTION LAW, THE MEAT INSPECTION LAW, AND THEAN/MAL WELFARE AND ANIMAL HEALTH LAWS. Identical to H 116, introduced 2/7/95. Intro. by Albertson. Ref.to Agricufture/Environment/Nat. Resources GS 11 9, 19A, 106 S 201. LANDOWNER PROTECTION (_H 119). TO LIMIT THE LIABILITY OF LANDOWNERS TO MEMBERS OF THE PUBLIC ENTERING THE LAND FOR EDUCATIONAL AND RECREATIONAL PURPOSES. Identical to H 119, introduced 2/7/95. Intro. by Albertson. Ref. to Judiciaryl/Constitution GS 38A -Ak'S 202. POULTRY COMPOSTING CREDIT (=H 118). TO ENCOURAGE THE COMPOSTING OF POULTRY CARCASSES AND PROVIDE AN INCOME TAX CREDIT FOR POULTRY COMPOSTING FACILITIES. Identical to H 118, introduced 2/7/95. L Intro. by Albertson. Ref.to Agriculture, Environment, Nat. Resources GS 105 S 203. ECU LIFE SCIENCES BLDG. FUNDS. TO APPROPRIATE FUNDS TO COMPLETE THE EXPANSION OF THE LIFE SCIENCES BUILDING AT EAST CAROLINA UNIVERSITY. Appropriates$8 million for 1995-96 from General Fund to UNC Board of Governors as title indicates. Effective July 1, 1995. Intro. by Warren. Ref. to Appropriations GS APPROP S 204. CHILD CARE CREDIT/NONRESIDENTS. AUTHORIZING NONRESIDENT TAXPAYERS TO CLAIM THE TAX CREDIT FOR CHILD CARE AND CERTAIN EMPLOYMENT-RELATED EXPENSES. Amends GS 105- 151.11(c) to allow nonresident or part-year resident to claim income tax credit for child care and employment- related expenses. Amount of credit is reduced by multiplying allowable credit by fraction equal to taxpayer's North Carolina taxable income divided by taxpayer's total gross income. Effective for taxable years beginning on or after January 1, 1995. Intro. by Webster. Ref.to Finance GS 105 S 205. COMMUNITY REINVESTMENT ACT. TO ESTABLISH THE COMMUNITY REINVESTMENT ACT. Adds new article 22 to GS Ch. 53. Act proyides that banks have affirmative and continuing obligation to help meet credit needs of local community, including credit needs of low and moderate-income neighborhoods. Requires banks to adopt, and to review annually,a community reinvestment statement for each community served by bank. Community reinvestment statement must define the community, list specific types of credit that bank is prepared to extend within local community and must include copy of community reinvestment notice required by statute. Requires banks to post community reinvestment notice stating that public may review and comment on community reinvestment statement. Establishes criteria to be considered by Comm'r of Banks in assessing community reinvestment performance of banks. Requires Comm'r to prepare written evaluation of bank's performance and to rate bank's performance in meeting credit needs of community. Requires Comm'r to submit to State Treasurer a list of banks that receive rating to"needs to improve"or"substantial noncompliance" in connection with community 02/17/95