Bill Summary for H 107 (2013-2014)

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Bill: EASTERN REGION/DISBURSEMENT OF FUNDS (NEW).

Summary date: 

Feb 14 2013
S.L. 2013-256

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 107 (Local) Filed Thursday, February 14, 2013
A BILL TO BE ENTITLED AN ACT TO ALLOW A COUNTY FROM THE EASTERN REGION TO RECEIVE A DISBURSEMENT OF ITS SHARE OF THE MOTOR VEHICLE REGISTRATION TAX PROCEEDS AS WELL AS PAYMENTS MADE BY THE COUNTY IN LIEU OF TAXES.
Intro. by Speciale.

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Bill summary

Amends GS 158-41 to allow a county withdrawing from the Eastern Region to receive its portion of temporary vehicle registration tax proceeds, which must be used for economic development purposes (previously, counties could not receive early distribution but could receive a share of Region assets, as specified). Effective July 1, 2013.