NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 994

SENATE BILL 594

 

 

AN ACT TO AMEND CHAPTER 105-213 OF THE GENERAL STATUTES OF NORTH CAROLINA TO DEPOSIT INTANGIBLE TAX ALLOCATIONS IN THE COUNTY GENERAL FUND AND TO PROVIDE FOR THE EXPENDITURE OF SUCH FUNDS APPLICABLE TO BURKE COUNTY.

 

The General Assembly of North Carolina do enact:

 

Section 1.  Chapter 105, Section 213 of the General Statutes of North Carolina be and is hereby amended to provide that a proportion of the intangible tax allocations to Burke County up to the maximum thereof as determined within the discretion of the Burke County Board of County Commissioners be deposited to the General Fund.

Sec. 2.  The Burke County Board of Commissioners be and is hereby authorized to expend said funds for assistance to rural fire districts or for providing public utility services to industrial sites and its citizens, for assistance in maintaining public libraries, recreational purposes and for other public purposes.

Sec. 3.  Be it further provided that any excess in intangible fund allocations in excess of the proportionate amount determined by the Commissioners for deposit in the General Fund be allocated to the various tax funds as now provided by law.

Sec. 4.  All the provisions of Chapter 105 of the General Statutes of North Carolina and other applicable laws pertaining to allocation of intangible tax funds not in conflict with the terms of this Act shall be and remain in full force and effect.

Sec. 5.  All laws and clauses of laws in conflict with the terms of this Act are hereby repealed to the extent that they conflict with the terms of this Act.

Sec. 6.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 19th day of June, 1963.