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NC H454

Bill

Official Source

Status

Engrossed

4/20/2023

Primary Sponsor

Kristin Baker

Click for details

Origin

House of Representatives

2023-2024 Session

AI Summary

  • Modifies Section 5.14 of S.L. 1985-861 regarding net profit distribution from the City of Concord Alcoholic Beverage Control Board
  • Reduces the percentage allocated for law enforcement from 15% to 5% of net profits
  • Requires retention of sufficient and proper working capital before distributing remaining profits
  • Allocates 25% of remaining balance to Cabarrus County and 75% to the City of Concord
  • Becomes effective upon enactment

Legislative Description

Concord/Distribution of ABC Net Profits

Alcoholic Beverages; Boards; Budgeting; Counties; Emergency Services; Funding; Law Enforcement; Local; Local Government; Municip

Last Action

Ref To Com On Rules and Operations of the Senate

4/20/2023

Committee Referrals

Rules and Operations of the Senate4/20/2023
Rules, Calendar, and Operations of the House4/18/2023
Local Government3/23/2023

Full Bill Text

No bill text available