State Codes and Statutes
Statutes > North-carolina > Chapter_105 > GS_105-508_2§ 105‑508.2. Distribution and use of taxes.
(a) Distribution. TheSecretary shall, on a monthly basis, allocate to each special district the netproceeds of the tax levied under this Part within the special tax district, tobe used for the benefit of that district.
(b) Use. A specialdistrict must expend the net proceeds distributed to it in accordance with itsfinancial plan adopted pursuant to G.S. 105‑508.1 and use the netproceeds only for financing, constructing, operating, and maintaining public transportationsystems. The special district shall use the net proceeds to supplement and notto supplant or replace existing funds or other resources for publictransportation systems. (2009‑527, s. 2(b).)
