Bill Summary for H 384 (2011-2012)
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Bill: REGISTER OF DEEDS/FEES.
Summary date:
Jun 3 2011
S.L. 2011-296
Bill Information:
| View NCGA Bill Details(link is external) | 2011-2012 Session |
TO SIMPLIFY THE FEES CHARGED FOR REGISTERING INSTRUMENTS WITH A REGISTER OF DEEDS IN THIS STATE.Intro. by Howard, West, Rapp, Wilkins.
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Bill summary
House amendment makes the following changes to 2nd edition. Amends GS 161-11.5 to provide that fees remitted under the statute be credited as follows: (1) 20% (previously 24%) to the General Fund as nontax revenue; and (2) 25% (previously 21%) to the Department of Cultural Resources (with 55% still credited to the Floodplain Mapping Fund.