NORTH CAROLINA GENERAL ASSEMBLY

1973 SESSION

 

 

CHAPTER 999

SENATE BILL 1366

 

AN ACT RELATING TO THE DIVISION OF PROFITS FROM LIQUOR CONTROL STORES IN DURHAM COUNTY.

 

The General Assembly of North Carolina enacts:

 

Section 1.  Of the surplus net profits derived from the operation of all liquor control stores located in the County of Durham, ten percent (10%) thereof shall be paid into the General Fund of the City of Durham.  The remaining ninety percent (90%) of such surplus net profits shall be paid into the General Fund of Durham County.

Sec. 2.  All laws and clauses of laws in conflict with this act are hereby repealed.

Sec. 3.  This act shall become effective July 1, 1974.

In the General Assembly read three times and ratified, this the 20th day of March, 1974.