Bill Summaries: S168 REED GOLD MINE REVOLVING FUND.

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  • Summary date: Mar 1 2011 - View Summary

    Enacts a new GS 121-7.6 to establish the Reed Gold Mine Fund (Fund) as a special fund in the Department of Cultural Resources, Division of State Historic Sites (Division), to be used for the operation, interpretation, maintenance, preservation, development, and expansion at the Reed Gold Mine State Historic Site. Requires the State Treasurer to credit interest earned to the Fund. Directs all receipts from donations or the lease, rental, or other disposition of structures or products of the land owned by or under the supervision or control of the Division in Cabarrus county to be credited to the Fund. Appropriates the monies credited to the Fund to the Department of Cultural Resources annually. Effective July 1, 2011.