NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 375

HOUSE BILL 716

 

AN ACT TO AMEND CHAPTER 405 OF THE 1967 SESSION LAWS RELATING TO THE ALLOCATION OF NET PROCEEDS FROM THE MUNICIPAL LIQUOR CONTROL STORES IN INCORPORATED MUNICIPALITIES IN ROBESON COUNTY.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Chapter 405 of the 1967 Session Laws is hereby amended by deleting all of Section 6 and inserting in lieu thereof the following:

"Sec. 6. After deducting the amount required to pay all salaries and operating expenses, and after retaining a sufficient and proper working capital, the amount thereof to be determined by the board, the municipal board of alcoholic control shall allocate and disburse, within 45 days after the end of a quarterly audit, the net profits as hereinafter provided:

(A)      Sixty-five percent (65%) of the net profits will be paid to the general fund of the municipality to be used for any governmental purpose, including but not limited to library purposes, recreational purposes, and educational purposes;

(B)      Thirty-five percent (35%) to the General Fund of Robeson County to be appropriated for any governmental purpose, including but not limited to library purposes, educational purposes, and hospital purposes."

Sec. 2.  All laws and clauses of laws in conflict with this act are hereby repealed.

Sec. 3.  This act shall become effective July 1, 1971.

In the General Assembly read three times and ratified, this the 13th day of May, 1971.