§ 113A-183. Forest Development Fund. - North Carolina Statutes

§ 113A‑183.  ForestDevelopment Fund.

(a)        The Forest Development Fund is created in the Department ofEnvironment and Natural Resources as a special fund. Revenue in the Fund doesnot revert at the end of a fiscal year, and interest and other investment incomeearned by the Fund accrues to it. The Fund is created to provide revenue toimplement this Article. The Fund consists of the following revenue:

(1)        Assessments on primary forest products collected underArticle 12 of Chapter 113A of the General Statutes.

(2)        General Fund appropriations.

(3)        Gifts and grants made to the Fund.

(b),  (c) Repealed by Sessions Laws 1997‑352, s. 3.

(d)        In any fiscal year, no more than five percent (5%) of theavailable funds generated by the Primary Forest Product Processor AssessmentAct may be used for program support under the provisions of G.S. 113A‑179(c).

(e)        Funds used for the purchase of equipment under theprovisions of G.S. 113A‑179(d) shall be limited to appropriations fromthe General Fund to the Forest Development Fund designated specifically forequipment purchase. (1977, c. 562, s.8; c. 771, s. 4; 1981, c. 1127, s. 45; 1989, c. 727, s. 218(75); 1997‑352,s. 3; 1997‑443, s. 11A.119(a).)