Bill Summary for S 769 (2015-2016)

Summary date: 

Apr 27 2016

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 769 (Public) Filed Wednesday, April 27, 2016
AN ACT TO RENAME AND CLARIFY THE USES OF THE SHALLOW DRAFT NAVIGATION CHANNEL DREDGING AND LAKE MAINTENANCE FUND, AS RECOMMENDED BY THE JOINT LEGISLATIVE OVERSIGHT COMMITTEE ON AGRICULTURE AND NATURAL AND ECONOMIC RESOURCES.
Intro. by B. Jackson, Alexander.

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Bill summary

Identical to H 965, filed 4/26/16.

Renames the Shallow Draft Navigation Channel Dredging and Lake Maintenance Fund, established in GS 143-215.73F(a), as the Shallow Draft Navigation Channel Dredging and Aquatic Weed Fund (Fund).  

Amends the title of GS 143-215.73F and its subsection (a) to reflect that change in the name of the Fund.  Amends GS 143-215.73F(b) to allow the Fund to be used for purposes of aquatic weed control projects in waters of the state (was, water of the state located within lakes) under Article 15 of GS Chapter 113A  (Pollution Control and Environment - Aquatic Weed Control).

Makes conforming changes to (1) GS 75A-3(c), which directs the Wildlife Resource Commission to administer the Boating Safety Act and transfer 50% of each one-year certificate of number fee and 50% of each three-year certificate fee collected under GS 75A-5 (application and registration of vessels) to the Fund on a quarterly basis and (2) GS 75-38(b) (intends GS 75A-38(b)), which directs the Wildlife Resource Commission to charge a $30 fee to issue a new or transfer certificate of title and transfer at least $10 of each to the Fund on a quarterly basis, to reflect the renaming of the Fund.

Amends (1) the title of GS 105-449.126 to Distribution of part of Highway Fund allocation to Wildlife Resources Fund and Shallow Draft Navigation Channel Dredging and Aquatic Weed Fund and (2) GS 105-449.126(b), which requires the Secretary of Revenue to credit the Fund, on a quarterly basis, 1% of the amount that is allocated to the Highway Fund under GS 105-449.125 and if from the excise tax on motor fuel, to reflect the renaming of the Fund.  Makes other conforming changes to GS 105-449.125(b) to reflect the renaming of the Fund.

Effective July 1, 2016.

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