State Codes and Statutes
Statutes > North-carolina > Chapter_106 > GS_106-6_2§ 106‑6.2. Createspecial revenue funds for certain agricultural centers.
(a) The Eastern North Carolina Agricultural Center Fund iscreated within the Department of Agriculture and Consumer Services as a specialrevenue fund. This Fund shall consist of receipts from the sale of namingrights to any facility located at the Eastern North Carolina AgriculturalCenter at Williamston, investments earnings on these moneys, and any gifts,bequests, or grants from any source for the benefit of the Eastern North CarolinaAgricultural Center. All interest that accrues to this Fund shall be creditedto this Fund. Any balance remaining in this Fund at the end of any fiscal yearshall not revert. The Department may use this Fund only to promote, improve,repair, maintain, or operate the Eastern North Carolina Agricultural Center.
(b) The Southeastern North Carolina Agricultural Center Fund iscreated within the Department of Agriculture and Consumer Services as a specialrevenue fund. This Fund shall consist of receipts from the sale of namingrights to any facility located at the Southeastern North Carolina AgriculturalCenter at Lumberton, investments earnings on these moneys, and any gifts,bequests, or grants from any source for the benefit of the Southeastern North CarolinaAgricultural Center. All interest that accrues to this Fund shall be creditedto this Fund. Any balance remaining in this Fund at the end of any fiscal yearshall not revert. The Department may use this Fund only to promote, improve,repair, maintain, or operate the Southeastern North Carolina AgriculturalCenter. (1998‑212, s.13.2.)
