NC S694

Allows all proceeds from the sale of property held in the Executive Mansion to be deposited in the Executive Mansion special fund, regardless of how the property was originally acquired.

Removes the distinction between property acquired by gift/devise versus property acquired by purchase with appropriated funds, eliminating the requirement to deposit some proceeds into the General Fund.

Proceeds from property sales must be used only for purchase, conservation, restoration, or repair of other property for use in the Executive Mansion.

Maintains the existing review process for property disposition, requiring consultation with a committee comprised of representatives from the Executive Mansion Fine Arts Committee, Department of Administration, and Department of Cultural Resources.

Effective upon enactment.