§ 121-7.5. Bentonville Battlefield Fund.

228 words·~1 min read·/nc/chapter-121/121-7-5

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(a)Fund. - The Bentonville Battlefield Fund is created as a special, interest-bearing, and nonreverting fund in the Department of Natural and Cultural Resources, Division of State Historic Sites. The Fund shall be treated as a special trust fund and shall be used for operation, interpretation, maintenance, preservation, development, and expansion at Bentonville Battlefield State Historic Site.

(b)Fund Sources. - Notwithstanding Chapter 146 of the General Statutes, the Fund consists of

(i)all revenue derived from donations, gifts, devises, grants, admissions, and fees collected for the benefit of the Bentonville Battlefield State Historic Site,

(ii)the net proceeds derived from the sale of real property pursuant to G.S. 146-30(d)(13), and

(iii)interest on funds in the Fund credited by the State Treasurer pursuant to G.S. 147-69.2 and G.S. 147-69.3.

(c)Repealed by Session Laws 2021-180, s. 14.1(d), effective July 1, 2021.

(d)Report. - The Division of State Historic Sites shall submit to the Joint Legislative Oversight Committee on Agriculture and Natural and Economic Resources and the Fiscal Research Division by September 30 of each year a report on the Bentonville Battlefield Fund that shall include the source and amount of all funds credited to the Fund and the purpose and amount of all expenditures from the Fund during the prior fiscal year. (2008-107, s. 19A.1; 2015-241, s. 14.30(s); 2021-180, s. 14.1(d).)