2009 North Carolina Code
Chapter 158 - Local Development.
§ 158-8.5. Annual reporting requirement.

§ 158‑8.5.  Annual reporting requirement.

By February 15 of each year, the commissions created pursuant to G.S. 158‑8.1, 158‑8.2, 158‑8.3, and 158‑33 shall publish a report containing the information required by this section. As a condition on the receipt of State funds, the Charlotte Regional Partnership, Inc., the Piedmont Triad Regional Partnership, and the Research Triangle Regional Partnership shall, by February 15 of each year, publish a report containing the information required by this section. The commissions and partnerships shall also submit a copy of the report to the Department of Commerce, the Office of State Budget and Management, the Joint Legislative Commission on Governmental Operations, the Joint Legislative Economic Development Oversight Committee, and the Fiscal Research Division of the General Assembly. The report shall include all of the following:

(1)        A summary of the preceding year's program activities, objectives, and accomplishments.

(2)        The preceding fiscal year's itemized expenditures and fund sources. Itemized expenditures shall be reported separately for each fund source.

(3)        A demonstration of how the commission's or partnership's regional economic development and marketing strategy aligns with the State's overall economic development and marketing strategies.

(4)        A demonstration of how the commission's or partnership's involvement in promotion activities has generated leads.

(5)        The most recent audited annual financial statement regarding State funds.

(6)        A demonstration of the commission's efforts to obtain funds from local, private, and federal sources. (2006‑263, s. 1; 2007‑323, s. 13.7(g).)