Bill Text: NC S425 | 2013-2014 | Regular Session | Amended
Bill Title: Olympic Games Special Plate Proceeds
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2013-03-27 - Ref To Com On Finance [S425 Detail]
Download: North_Carolina-2013-S425-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2013
S 1
SENATE BILL 425
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Short Title: Olympic Games Special Plate Proceeds. |
(Public) |
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Sponsors: |
Senators Blue (Primary Sponsor); and J. Davis. |
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Referred to: |
Finance. |
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March 27, 2013
A BILL TO BE ENTITLED
AN act to amend the allocation of funds from the collegiate and cultural attraction plate account that are derived from the sale of olympic games plates.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 20‑81.12(b4) reads as rewritten:
"(b4) Olympic Games. – The Division may not issue an
Olympic Games special plate unless it receives 300 or more applications for the
plate and the U.S. Olympic Committee licenses, without charge, the State to
develop a plate bearing the Olympic Games symbol and name. The Division must
transfer quarterly the money in the Collegiate and Cultural Attraction Plate
Account derived from the sale of Olympic Games plates to the N.C. Health and
Fitness Foundation, Inc.,North Carolina Amateur Sports, which will
allocate the funds as follows:
(1) Fifty percent (50%)Sixty‑seven
percent (67%) to the U.S. Olympic Committee to assist in training olympicOlympic
athletes.
(2) Twenty‑five percent (25%)Thirty‑three
percent (33%) to North Carolina Amateur Sports to assist with
administration of the State Games of North Carolina.
(3) Twenty‑five percent (25%) to the
Governor's Council on Physical Fitness and Health to support local fitness
council development throughout North Carolina."
SECTION 2. This act becomes effective July 1, 2013.
