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Current as of January 01, 2023 | Updated by Findlaw Staff
(a) The Commission shall use the funds remitted to it pursuant to G.S. 105-113.128 and any proceeds from license fees collected under this Article and Article 10 of this Chapter to cover expenses in administering this Article. Any proceeds remaining at the end of each fiscal year after payment of expenses of the Commission pursuant to this section shall be remitted to the General Fund, however, the Commission may retain an amount reasonably necessary to cover future expenses of the Commission related to administering the provisions of this Article and Article 10 of this Chapter, the total of which, including the amount authorized to be retained under G.S. 18C-1010(c), may not exceed the total expenses of the Commission related to administering the provisions of this Article and Article 10 of this Chapter during the previous quarter of the fiscal year.
(b) Expenses of the Commission shall include all items listed in G.S. 18C-163.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 18C. North Carolina State Lottery § 18C-909. Use of proceeds - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-18c-north-carolina-state-lottery/nc-gen-st-sect-18c-909/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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