GENERAL ASSEMBLY OF NORTH CAROLINA
1987 SESSION
CHAPTER 988
The General Assembly of North Carolina enacts:
Section 1. Section 4(e) of Chapter 536, Session Laws of 1985, reads as rewritten:
"(e) Monies for each
particular facility for which a facility fee is collected shall be placed in a
separate trust fund. All such revenues shall be spent for the capital
facilities for which they were collected, and such benefits shall not be
exclusive. Separate service areas and zones with separate trust funds may
be established to satisfy this requirement. Facility fees shall be spent for
those community service facilities the town alone provides within six years
after ten years or a reasonable period thereafter of collection of
the fees, and shall be spent for those community service facilities the town
provides in conjunction with other units of government within 10 years or a
reasonable period thereafter of collection of the fees."
Sec. 2. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 27th day of June, 1988.