§ 122C-185. Application of funds belonging to State facilities. - North Carolina Statutes

§ 122C‑185.  Applicationof funds belonging to State facilities.

(a)        All moneys andproceeds of property donated to any State facility shall be deposited into theState treasury and accounted for in the appropriate fund as determined by theSecretary and approved by the Office of State Budget and Management. All moneysand proceeds of property donated in which there are special directions fortheir application and the interest earned on these funds shall be spent as thedonor has directed and except as required for deposit with the State treasury,shall not be subject to the provisions of the State Budget Act except forcapital improvements projects which shall be authorized and executed inaccordance with G.S. 143C‑8‑8 and G.S. 143C‑8‑9.

(b)        Proceeds from thetransfer or sale of surplus, obsolete, or unused equipment of State facilitiesshall be deposited and accounted for in accordance with G.S. 143‑49(4).

(c)        The net proceedsfrom the sale, lease, rental, or other disposition of real estate owned by aState facility shall be deposited and accounted for in accordance with G.S. 146‑30.

(d)        All proceeds fromthe operation of vending facilities as defined in G.S. 111‑42(d) andoperated by State facilities shall be deposited and accounted for in accordancewith the State Budget Act, Chapter 143C of the General Statutes.

(e)        All other revenuesand other receipts collected by a State facility shall be deposited to thecredit of the State treasury in accordance with G.S. 147‑77. (1899, c. 1, s. 34; Rev., s.4552; C.S., s. 6167; 1963, c. 1166, s. 13; 1973, c. 476, s. 133; 1985, c. 589,s. 2; 2000‑140, s. 93.1(a); 2001‑424, s. 12.2(b); 2006‑203,s. 68.)