Bill Summary for S 694 (2013-2014)
Apr 4 2013
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A BILL TO BE ENTITLED AN ACT TO ALLOW ALL PROCEEDS FROM THE SALE OF PROPERTY HELD IN THE EXECUTIVE MANSION TO BE DEPOSITED IN THE EXECUTIVE MANSION SPECIAL FUND IN KEEPING WITH MUSEUM STANDARDS, AS PROMULGATED BY AMERICAN ALLIANCE OF MUSEUMS, THE MAJOR INSTITUTIONAL ACCREDITATION AGENCY FOR MUSEUMS.Intro. by Sanderson.
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Identical to H 372, filed 3/20/13.
Amends GS 143B-79 (Executive Mansion Fine Arts Committee--creation, powers and duties), to provide that if any property is sold from the Executive Mansion, the net proceeds of the sale will be deposited in the State Treasury to the credit of the Executive Mansion, Special Fund (previously, depending on how the property was acquired, proceeds could have gone to the General Fund and/or the Executive Mansion Fund).