CONCORD/DISTRIBUTION OF ABC NET PROFITS.

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View NCGA Bill Details(link is external)2023-2024 Session
House Bill 454 (Local) Filed Wednesday, March 22, 2023
AN ACT TO CLARIFY THE DISTRIBUTION OF NET PROFITS FROM THE OPERATION OF THE CITY OF CONCORD ALCOHOLIC BEVERAGE CONTROL BOARD.
Intro. by K. Baker, Crutchfield, Staton-Williams.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Apr 20 2023)

Bill History:

H 454

Bill Summaries:

  • Bill H 454 (2023-2024)
    Summary date: Apr 18 2023 - View Summary

    House committee substitute to the 1st edition makes the following change. Amends Section 5.14 of SL 1985-861 to require the Board of Alcoholic Beverage Control of the City of Concord to distribute the net profits remaining after the payment of all costs and operating expenses as follows: the first 5%  for law enforcement, and after retaining working capital, then 25% to Cabarrus County and 75% to Concord (was, required to retain working capital before distributing 5% to law enforcement). 

    Alcoholic Beverage Control
    Cabarrus
  • Bill H 454 (2023-2024)
    Summary date: Mar 22 2023 - View Summary

    Amends Section 5.14 of SL 1985-861 to require the Board of Alcoholic Beverage Control of the City of Concord to distribute the net profits remaining after the payment of all costs and operating expenses, and after retaining working capital, with the first 5% (was, 15%) for law enforcement, and of the remaining balance, 25% to Cabarrus County and 75% to Concord.

    Alcoholic Beverage Control
    Cabarrus
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