A BILL TO BE ENTITLED AN ACT TO TERMINATE LEASES AT THE INDIAN CULTURAL CENTER SITE AND THEN SELL OR ALLOCATE CERTAIN PORTIONS OF THE PROPERTY, AS RECOMMENDED BY THE JOINT LEGISLATIVE PROGRAM EVALUATION OVERSIGHT COMMITTEE.
Senate committee substitute to the 4th edition makes the following changes. Requires that Parcel 1 first be offered for purchase to the Lumbee Tribal Administration (was, to the Lumbee Tribe). Makes conforming changes, replacing Lumbee Tribe with Lumbee Tribal Administration throughout the act. Adds the requirement that of the sale proceeds that remain after the $7,300 is used for the appraisal of Parcel 1, 25% of those remaining funds are to be appropriated to the Department of Environment and Natural Resources, Division of Parks and Recreation, for improvements to Parcels 2, 3, and 4, and 75% of those funds must be deposited into the Savings Reserve Account.
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