AG 1997 03 17 - Laserfiche WebLink

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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1997 1 proceeds of the tax to the county's general fund. The provisions 2 of G.S. 105-228.31 through G.S. 105-228.36 apply to a ta× levied 3 under this Article... 4 "$ 105-228.54. Use of proceeds. 5 (a) Use. -- A county may use taxes collected under this Article 6 only for public school building capital outlay projects including 7 the planning~ construction~ reconstruction, enlar,~l~.men, t~ 8 improvement, repair, or renovation of public school buildinq~ and 9 for the purchase of land for public school buildings. A county 10 shall not use the proceeds to pay debt service or to fund a 11 public school building capital outlay project that is or will be 12 financed in part by debt. 13 (b) NonsupDlant Restriction. -- It is the purpose of. thi~, 14 Article for counties to appropriate funds generated under this 15 Article to increase the level of county spending for public 16 elementary and secondary school capital outlay above the level of 17 spending before the levy of the tax authorized in this Art~cie. 18 A county that levies a tax under this Article shall continue to 19 spend for public school capital outlay purposes in its local 20 school administrative units the same amount of money it would 21 have spent for those purposes if it had not levied the tax. 22 "$ 105-228.55. Expiration. 23 A tax levied under this Article expires ten years uD ~. ~.:. 24 effective date of its levy or most recent extension, .... 25 voters of the county approve its extension for an additic;~' 26 years as provided in this section. During the tenth y~,~'_.~..~9~ 27 the levy or most recent extension of the tax authorized 'h~: 28 Article, the county board of commissioners may direct th~ coun":~ 29 board of elections to conduct an advisory referendum on the 30 question of whether the tax should be extended for an additional 31 ten years. The election shall be held on a date jointl?i..3...~;?.e__d 32 upon by the two boards and shall be held in accordance 33 procedures of G.S. 163-287. 34 The form of the question to be presented on a ballot f..-:.? a 35 special election concerning the extension of the taxes 36 by this Article shall be: 37 [ ] FOR [ ] AGAINST 38 extension of current county real property transfer tax_?~i~._..~ 39 rate of one dollar ($1.00) on each one hundred dollars '~'i0~.~''~'': 40 of value or consideration, to be used only for public schooJ. 41 capital projects. 42 If the majority of those voting in a referendum held ~ ~"'~::a~- 43 to this section vote for the extension of the tax, the -- Page 6 ~ 97-,r~' ':'.' ;. '~ t'~