AVERASBORO TOWNSHIP TDA CHANGES.

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View NCGA Bill Details2011-2012 Session
House Bill 988 (Local) Filed Wednesday, May 16, 2012
TO MAKE CHANGES TO THE AVERASBORO TOWNSHIP TOURISM DEVELOPMENT AUTHORITY.
Intro. by Lewis.

Status: Re-ref Com On Finance (Senate Action) (Jun 26 2012)

Bill History:

H 988

Bill Summaries:

  • Summary date: May 16 2012 - View Summary

    Amends SL 1987-142, as amended, to require Averasboro to remit occupancy tax proceeds to the Averasboro Township Tourism Development Authority (Authority) on a monthly (was, quarterly) basis. Expands Authority membership from seven to nine members as described, and removes the one-year term limitation. Amends chair and co-chair designations, meeting times, and naming of the ex officio finance officer. Expands on the Authority’s duties. Applies to the distribution of the occupancy tax proceeds on or after the earlier of October 1, 2012, or the date specified in a resolution adopted under the act.