Technology

HB 552 establishes the Agricultural Manufacturing Investment Grant Account within North Carolina's One North Carolina Fund, allocating up to $5 million for new economic development incentives. This account provides competitive grants to eligible agricultural manufacturers in the state. The Department of Commerce will administer these grants, prioritizing projects in less developed areas, those using advanced agricultural technologies, or those with significant research and development. To qualify, recipients must commit to investing at least $5 million of private funds, employ a minimum of 25 full-time employees, and meet specific wage requirements. Grants are capped at $100,000 annually per recipient for up to five years.

House Bill 38, known as the Second Amendment Financial Privacy Act, prohibits payment card networks from using a specific "firearms code" to identify or track purchases made at firearms merchants in North Carolina. It also forbids these networks from knowingly maintaining records of individuals in the state who own firearms. The bill aims to prevent the separate tracking of lawful firearm and ammunition purchases and protect the financial privacy of individuals exercising their right to bear arms. Payment card networks are also prohibited from discriminating against firearms merchants based on code assignment. Violations can lead to civil penalties assessed by the Attorney General or civil lawsuits from affected merchants or individuals.