§ 105‑228.5B.  Distribution of part of tax proceeds to High Risk Pool.

By November 1 of each year, the State Treasurer must transfer from the General Fund to the North Carolina Health Insurance Risk Pool Fund established in G.S. 58‑50‑225 an amount equal to thirty percent (30%) of the growth in revenue from the tax applied to gross premiums under G.S. 105‑228.5(d)(2). The growth in revenue from this tax is the difference between the amount of revenue collected during the preceding fiscal year on premiums taxed under that subdivision less $475,545,413, which is the amount of revenue collected during fiscal year 2006‑2007 on premiums taxed under that subdivision. The Treasurer must draw the amount required under this section from revenue collected on premiums taxed under that subdivision.  (2007‑532, s. 4(a), (b); 2008‑118, s. 3.2(d), (e); 2009‑445, s. 10.)