NORTH CAROLINA GENERAL ASSEMBLY
1979 SESSION

CHAPTER 853
HOUSE BILL 1487

AN ACT TO PROVIDE FOR THE DISTRIBUTION OF NET PROFITS FROM THE ABC STORES IN SOUTHERN PINES, CARTHAGE AND ABERDEEN.

The General Assembly of North Carolina enacts:

Section 1.  Notwithstanding contrary provisions contained in Chapter 146 of the Session Laws of 1955, Chapter 962 of the Session Laws of 1965, Chapter 122 of the Session Laws of 1969, or any other laws or clauses of laws of a general, private, local or special nature, after deducting the amount expended for law enforcement and the payment of all expenses of operating the Alcoholic Beverage Control stores in Southern Pines, Carthage, and Aberdeen, including a pro rata part of general overhead expenses of the Alcoholic Beverage Control Board, twenty-five percent (25%) of the net profits of each store located within the aforementioned municipalities, except for those profits accrued under the provisions of G.S. 18A-15(3)c.3., shall be paid over to the general fund of the municipality in which each store is located by the County Board of Alcoholic Beverage Control of Moore County. In addition, fifty percent (50%) of the net profits accrued under the provisions of G.S. 18A-15(3)c.3., from the sale of alcoholic beverages for resale in mixed beverages in the Town of Southern Pines, shall be paid over by the County Board of Alcoholic Beverage Control of Moore County to the general fund of the Town of Southern Pines.  The net profits mentioned herein shall be determined by quarterly audits and proper percentages thereof shall be paid within the next following quarter.
Sec. 2. This act shall become effective July 1, 1979.
In the General Assembly read three times and ratified, this the 8th day of June, 1979.