Bill Summary for H 454 (2023-2024)

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Summary date: 

Apr 18 2023

Bill Information:

View NCGA Bill Details2023-2024 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.

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Bill 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).