---
type: "Bill"
title: "Local Option Project Development Financing."
description: "Local Option Project Development Financing."
jurisdiction: "us/states/nc"
legislature: "North Carolina General Assembly"
session: "2003"
identifier: "SB 725"
citation: "North Carolina SB 725 (2003)"
classification: ["bill"]
subjects: ["COMMISSIONS", "CONSTITUTION", "NC", "COUNTIES", "ECONOMIC DEVELOPMENT", "ELECTIONS", "FISCAL NOTES", "LANDOWNERS", "LOCAL GOVERNMENT", "LOCAL GOVERNMENT COMN.", "DEBT/LOCAL GOVERNMENT", "MUNICIPALITIES", "PRESENTED", "PROPERTY", "PUBLIC", "RATIFIED", "REAL ESTATE", "REFERENDUMS & INITIATIVES", "SEN. CLODFELTER", "CHAPTERED"]
status: "enacted"
primary_sponsors: []
version_count: 7
action_count: 27
vote_count: 2
first_action: "2003-04-02"
last_action: "2003-08-07"
source: "openstates"
source_identifier: "ocd-bill/754f20d6-2b0d-4d9d-be8c-102442281e18"
source_url: "http://www.ncleg.net/gascripts/BillLookUp/BillLookUp.pl?Session=2003&BillID=S725&votesToView=all"
source_hash: "8ed73d23c535f7ca6170d01fdf296cd7d91737b3e9f0c57c7bc450b262f389f7"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nc"]
---

# North Carolina SB 725 (2003) — Local Option Project Development Financing.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Filed** (filed) — [source](http://www.ncleg.net/Sessions/2003/Bills/Senate/PDF/S725v0.pdf)
2. **Edition 1** (committee substitute) — [source](http://www.ncleg.net/Sessions/2003/Bills/Senate/PDF/S725v1.pdf)
3. **Edition 2** (committee substitute) — [source](http://www.ncleg.net/Sessions/2003/Bills/Senate/PDF/S725v2.pdf)
4. **Edition 3** (committee substitute) — [source](http://www.ncleg.net/Sessions/2003/Bills/Senate/PDF/S725v3.pdf)
5. **Edition 4** (committee substitute) — [source](http://www.ncleg.net/Sessions/2003/Bills/Senate/PDF/S725v4.pdf)
6. **Ratified** (committee substitute) — [source](http://www.ncleg.net/Sessions/2003/Bills/Senate/PDF/S725v5.pdf)
7. **SL 2003-403** (committee substitute) — [source](http://www.ncleg.net/Sessions/2003/Bills/Senate/PDF/S725v6.pdf)

## Votes

- Second Reading\Motion 8\To Concur — **42–2** (pass) · upper
- Third Reading\Motion 8\To Concur — **40–2** (pass) · upper

## Sponsors

- Clodfelter — cosponsor (person)
- Dannelly — cosponsor (person)
- Hartsell — cosponsor (person)
- Hoyle — cosponsor (person)
- Lucas — cosponsor (person)
- Metcalf — cosponsor (person)
- Rand — cosponsor (person)
- Reeves — cosponsor (person)
- Stevens — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2003-08-07** Ch. SL 2003-403 `became-law`
- **2003-08-07** Signed By Gov. 8/7/2003 `executive-signature`
- **2003-07-19** Pres. To Gov. 7/19/2003 `executive-receipt`
- **2003-07-19** Ratified
- **2003-07-19** Concurred On 3rd Reading
- **2003-07-19** Concurred On 2nd Reading
- **2003-07-18** Placed On Cal For 7/19/2003
- **2003-07-18** Rec To Concur H Com Sub
- **2003-07-18** Passed 3rd Reading `passage, reading-3`
- **2003-07-18** Amend Failed #1 `amendment-failure`
- **2003-07-17** Passed 2nd Reading `reading-2`
- **2003-07-17** Placed On Cal For 7/17/2003
- **2003-07-17** Cal Pursuant Rule 36(b)
- **2003-07-17** Reptd Fav Com Substitute `committee-passage-favorable`
- **2003-07-14** Re-ref Com On Finance `referral-committee`
- **2003-07-14** Withdrawn From Comm
- **2003-06-03** Ref To Com On Rules, Calendar, and Operations of the House `referral-committee`
- **2003-06-03** Rec From Senate
- **2003-05-29** Engrossed
- **2003-05-29** Passed 3rd Reading `passage, reading-3`
- **2003-05-28** Passed 2nd Reading `reading-2`
- **2003-05-28** Amend Adopted # 1 `amendment-passage`
- **2003-05-22** Placed On Cal For 5/28/2003
- **2003-05-22** Com Substitute Adopted
- **2003-05-22** Reptd Fav Com Substitute `committee-passage-favorable`
- **2003-04-03** Ref To Com On Finance `referral-committee`
- **2003-04-02** Filed `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/754f20d6-2b0d-4d9d-be8c-102442281e18`. Confidence: reported (aggregated from official North Carolina legislature records).