Bill Summaries: H454 CONCORD/DISTRIBUTION OF ABC NET PROFITS.

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  • 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). 


  • 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.