NORTH CAROLINA GENERAL ASSEMBLY

1965 SESSION

 

 

CHAPTER 305

SENATE BILL 242

 

 

AN ACT RELATING TO THE USE OF INTANGIBLES TAX FUNDS AND CERTAIN SURPLUS FUNDS IN ANSON COUNTY.

 

The General Assembly of North Carolina do enact:

 

Section 1. Notwithstanding any other provisions of G. S. 105-213 relating to the purposes for which intangibles tax allocations may be expended by a county, the Board of County Commissioners of Anson County is hereby authorized, in its discretion, to deposit annual intangibles tax allocations in the general fund of the county, except such allocations as would be required under the provisions of G. S. 105-213 to be distributed to the various school funds and school activities of the county, and such allocations which are herein authorized to be deposited in the general fund of the county may be used in such fund for any purpose for which moneys in the general fund of the county may lawfully be spent.

Sec. 2. The Board of County Commissioners of Anson County is hereby authorized to transfer the sum of fifty thousand dollars ($50,000.00) from the surplus account of the debt service fund, which sum is not needed to meet current debt service requirements, to the surplus account of the general fund.

Sec. 3. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 4. This Act shall be effective beginning with the fiscal year commencing on July 1, 1964.

In the General Assembly read three times and ratified, this the 23rd day of April, 1965.