GENERAL ASSEMBLY OF NORTH CAROLINA
1995 SESSION
CHAPTER 105
AN ACT TO MODIFY THE DISTRIBUTION OF PROFITS FROM THE ABC SYSTEM IN THE CITY OF HENDERSONVILLE.
The General Assembly of North Carolina enacts:
Section 1. Section 6 of Chapter 954 of the 1955 Session Laws reads as rewritten:
"Sec. 6. The net profits derived from the
operation of a liquor control store in the City of Hendersonville, after
deducting the necessary funds for law enforcement as provided in G.S.
18B-805(c)(2), shall be divided as follows: Fifty per cent (50%) for
municipality of Hendersonville. Twenty-five per cent (25%) to Governing
Body of the County of Henderson. One per cent (1%) to the City
Library. Twelve per cent (12%) to the City of Henderson Board of
Education. Twelve per cent (12%) to Henderson County Board of Education. Twenty-four
per cent (24%) to the Henderson County Public Schools. Such funds
shall be subject to appropriation by the Governing Bodies of the City of
Hendersonville and the County of Henderson for any lawful purpose."
Sec. 2. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 25th day of May, 1995.
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Dennis A. Wicker
President of the Senate
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Harold J. Brubaker
Speaker of the House of Representatives