North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 03 - LOCAL GOVERNMENT COMMISSION
Section .0900 - OTHER REQUESTS FOR APPROVAL
Section 03 .0904 - COUNTY USE OF SALES TAXES PURSUANT TO G.S. 105-487(C)
Universal Citation: 20 NC Admin Code 03 .0904
Current through Register Vol. 39, No. 6, September 16, 2024
(a) Any county desiring to make application to the Commission under G.S. 105-487(c) shall submit Form LGC-101, Application to Use Allocated Additional Sales Tax Revenue for Other Than School Capital Outlay Purposes, including debt service.
(b) The following documents shall be attached to the application:
(1) A certified copy of
the resolution of the Board of county commissioners. The resolution shall
contain as a minimum the following:
(A) The
petition to the commission;
(B) The
period for which the petition is to apply;
(C) The projected capital outlay requirements
of the schools in the county during each year of the petition period;
(D) The sources from which the county intends
to appropriate moneys for school capital outlay needs during each year of the
petition period; and
(E) If the
proposal contemplates the use of borrowed funds, the resolution shall identify
the revenue sources to be used for repayment and the Board's reasoning for
using borrowed funds as opposed to the pay-as-you-go concept inherent in the
legislation authorizing the levy of the additional sales tax.
(2) A statement from the State
Board of Education School Planning Division on its estimate of school capital
outlay requirements during each year of the petition period.
(3) A certified copy of resolution of the
school board(s) receiving capital outlay appropriations from the county on
capital outlay requirements that the school board(s) anticipate during each
year of the petition period. The resolution may contain such additional
information and comments as the Board may deem appropriate.
Authority
G.S.
105-487(c);
159-3(f);
Eff. November 1, 1983;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. January 9,
2018.
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