GENERAL ASSEMBLY OF NORTH CAROLINA
1995 SESSION
CHAPTER 679
AN ACT CLARIFYING THE DISTRIBUTION OF PROFITS FROM THE OPERATION OF THE DARE COUNTY ALCOHOLIC BEVERAGE CONTROL BOARD.
The General Assembly of North Carolina enacts:
Section 1. Section 1 of Chapter 202 of the 1977 Session Laws reads as rewritten:
"Section 1. After deducting the amounts
required to be expended for enforcement and paying salaries and expenses, After
making the distributions provided in subsections (b) and (c) of G.S. 18B-805, the
Dare County Alcoholic Beverage Control Board shall determine and retain from gross
profits the remaining gross receipts a sufficient and proper amount
necessary to be retained as working capital. capital, within the
limits set by rules of the Commission.
The entire remaining net profits gross receipts shall
be paid over to the Dare County Board of County Commissioners which shall
allocate said funds to be allocated as follows:
(1) an amount equal to
forty-two and one-half percent (42.5%) of the amount of funds shall
be allocated to the remaining after the Dare County Alcoholic Beverage
Control Board's determination of the amount necessary to be retained for
working capital shall be allocated to the Dare County Tourist Bureau to be used
for publicity and promotional purposes in building the tourist industry of Dare
County, thereby benefiting the economy and citizens of said county; County
of Dare to be administered by the Dare County Department of Social Services,
through use of a special revenue fund account, to be used to supplement the
operating cost of an in-county out-of-home group care facility for abused,
neglected, and dependent children;
(2) up to twenty percent
(20%) of net profits may be allocated to the Dare County Alcoholic
Beverage control Board for capital improvements;
(3) fifteen percent (15%) of
the net profits remaining shall be allocated to and divided between
among the incorporated towns within Dare County, the Town of Kill
Devil Hills, the Town of Manteo, and the Town of Nags Head, such sums
to go to the general fund of each of said the incorporated towns
to be used for any governmental purpose deemed necessary by the governing body
of said each town; and
(4) any remaining net
profits shall go the balance of gross receipts not allocated under the
foregoing subdivisions shall be allocated to the general fund of the county
to be expended for any lawful purpose."
Sec. 2. Section 1 of Chapter 201 of the 1965 Session Laws, as amended by Chapter 1132 of the 1979 Session Laws and Chapter 995 of the 1981 Session Laws, is repealed.
Sec. 3. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 21st day of June, 1996.
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Dennis A. Wicker
President of the Senate
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Harold J. Brubaker
Speaker of the House of Representatives