Bill Summary for S 168 (2011-2012)

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Summary date: 

Mar 1 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 168 (Public) Filed Tuesday, March 1, 2011
ESTABLISHING THE REED GOLD MINE FUND IN THE DIVISION OF STATE HISTORIC SITES.
Intro. by Hartsell.

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Bill 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.