NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 540

SENATE BILL 257

 

 

AN ACT TO AMEND G.S. 143B-216.5(a) TO PERMIT THE NORTH CAROLINA COUNCIL FOR THE HEARING IMPAIRED TO RECEIVE GIFTS AND BEQUESTS.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 143B-216.5(a), as the same appears in the 1577 Cumulative Supplement of the General Statutes, is hereby rewritten to read as follows:

"§ 143B-216.5(a).  North Carolina Council for the Hearing Impaired; receipt of monies. —The Department of Human Resources may receive monies from any source, including federal funds, gifts, grants and bequests which shall be expended for the purposes designated in this Part. Gifts and bequests received shall be deposited in a trust fund with the State Treasurer who shall hold them in trust in a separate account in the name of the Division of Vocational Rehabilitation Services, North Carolina Council for the Hearing Impaired. The cash balance of this account may be pooled for investment purposes, but investment earnings shall be credited pro rata to this participating account. Monies deposited with the State Treasurer in the trust fund account pursuant to this section, and investment earnings thereon, are available for expenditure without further authorization from the General Assembly. Such funds shall be administered by the North Carolina Council for the Hearing Impaired under the direction of the director and fiscal officer of the Division of Vocational Rehabilitation Services, and will be subject to audits normally conducted with the agency."

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 9th day of May, 1979.