AN ACT TO MAKE CHANGES TO THE AVERASBORO TOWNSHIP TOURISM DEVELOPMENT AUTHORITY. Enacted July 25, 2014. Effective July 25, 2014, and applies to the distribution of the net proceeds of the occupancy tax on or after the earlier of October 1, 2014, or the date specified in a resolution adopted in accordance with this act.
Summary date: Jul 25 2014 - View summary
Summary date: Jun 24 2014 - View summary
The Senate committee substitute to the 1st edition makes a clarifying change.
Summary date: May 14 2014 - View summary
Amends SL 1987-142, as amended, to require that the Averasboro Township remit the proceeds of the occupancy tax on a monthly (was, quarterly) basis to the Averasboro Township Tourism Development Authority. Also increases the membership of the Averasboro Township Tourism Development Authority from seven to nine members and changes the membership of that Authority. Deletes the provision setting one-year terms. Requires the Authority (was, the board of commissioners) to designate a member of the Authority as chair and also requires designation of one member to serve as vice-chair. Requires that the Authority meet monthly. Names the finance officer for Dunn (was, for Harnett County) as the ex officio finance officer. Requires the Authority to finance tourist-related capital projects in the Averasboro Township.
Applies to the distribution of the net procceeds of the occupancy tax on or after the earlier of October 1, 2014, or the date specified in a resolution adopted in accordance with the act.