GENERAL ASSEMBLY OF NORTH CAROLINA
1987 SESSION
CHAPTER 889
The General Assembly of North Carolina enacts:
Section 1. Section 6 of Chapter 611 of the 1977 Session Laws reads as rewritten:
"Sec. 6. The Town Board of Alcoholic Beverage
Control shall, out of the gross revenue derived from the operation of alcoholic
beverage control stores, pay all salaries, costs and operating expenses and
retain a sufficient and proper working capital, the amount thereof to be
determined by the Town Board of Alcoholic Beverage Control. The remaining
revenue, as determined by quarterly audit, shall be distributed as follows: a.
not less than five percent (5%) nor more than fifteen percent (15%) for law
enforcement in the town, and not less than seven percent (7%) for education on
the excessive use of alcoholic beverages and for the rehabilitation of
alcoholics; b. ten percent (10%) for the development and operation of the
town's recreational facilities; c. fifteen percent (15%) for the general fund
of the Highlands-Cashiers Hospital, Inc.; d. two percent (2%) four
percent (4%) to the Town of Highlands Scholarship Fund; and e. any
remaining revenue to the general fund of the Town of Highlands to be used for
any and all purposes for which tax and non-tax revenues may be expended by the
town."
Sec. 2. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 17th day of June, 1988.