Bill Summary for H 454 (2023-2024)

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Summary date: 

Mar 22 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 454 (Local) Filed Wednesday, March 22, 2023
AN ACT TO CLARIFY THE DISTRIBUTION OF NET PROFITS FROM THE OPERATION OF THE CITY OF CONCORD ALCOHOLIC BEVERAGE CONTROL BOARD.
Intro. by K. Baker, Crutchfield, Staton-Williams.

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Bill summary

Amends Section 5.14 of SL 1985-861 to require the Board of Alcoholic Beverage Control of the City of Concord to distribute the net profits remaining after the payment of all costs and operating expenses, and after retaining working capital, with the first 5% (was, 15%) for law enforcement, and of the remaining balance, 25% to Cabarrus County and 75% to Concord.