NORTH CAROLINA GENERAL ASSEMBLY

1977 SESSION

 

 

CHAPTER 1012

SENATE BILL 477

 

 

AN ACT TO PROVIDE THAT THE PROCEEDS FROM THE SALE OF STATE PARK LANDS SHALL BE DEPOSITED WITH THE STATE TREASURER TO THE CREDIT OF THE DEPARTMENT OF ADMINISTRATION TO BE USED FOR THE PURCHASE OF PARK LANDS.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 146-30 is hereby amended to add at the end thereof the following sentence:

"Provided further, the net proceeds derived from the sale of park land owned by or under the supervision and control of the Department of Natural and Economic Resources shall be deposited with the State Treasurer in a capital improvement account to the credit of the Department of Administration to be used for the purpose of park land acquisition as approved by the Director of the Budget and the Advisory Budget Commission."

Sec. 2.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 1st day of July, 1977.