NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 406

HOUSE BILL 829

 

AN ACT TO AMEND CHAPTER 344 OF THE 1961 SESSION LAWS RELATING TO THE DISTRIBUTION OF THE NET PROFITS OF THE TOWN OF OCEAN ISLE BEACH ALCOHOLIC CONTROL BOARD.

 

The General Assembly of North Carolina enacts:

 

Section 1. Paragraph 2 of Section 6 of Chapter 344 of the 1961 Session Laws is rewritten to read as follows:

"The net profits derived from the operation of said Alcoholic Beverage Control Stores by the Town of Ocean Isle Beach Board of Alcoholic Control shall, on a quarterly basis, be paid over as follows:

(a)       Five percent (5%) to the Union Primary School.

(b)       Five percent (5%) to the Shallotte Middle School.

(c)       Ten percent (10%) to the West Brunswick High School.

(d)       Eighty percent (80%) to go to the General Fund of the Town of Ocean Isle Beach."

Sec. 2. This act shall become effective July 1, 1975.

In the General Assembly read three times and ratified, this the 26th day of May, 1975.