North Carolina § 105-164 - 44M. Transfer to Division of Aviation.

§ 105-164. 44M. Transfer to Division of Aviation.

The net proceeds of the tax collected on aviation gasoline and jet fuel under G.S. 105-164.4 must be transferred within 75 days after the end of each fiscal year to the Highway Fund. This amount is annually appropriated from the Highway Fund to the Division of Aviation of the Department of Transportation for prioritized capital improvements to general aviation airports for time-sensitive aviation capital improvement projects for economic development purposes. History (2015-259, s. 4.1(d); 2017-57, s. 34.21(a).) Section set out twice. - The section above is effective January 1, 2018. For the section as in effect until January 1, 2018, see the preceding section, also numbered G.S. 105-164.44 M. Editor's Note. - Session Laws 2015-259, s. 4.1(f), provides: "Subsections (a) through (d) of this section become effective January 1, 2016, and apply to sales made on or after that date. The remainder of this section is effective when this act becomes law." Session Laws 2015-259, s. 4.2(g), provides: "This Part becomes effective October 1, 2015, and applies to sales made on or after that date." Session Laws 2017-57, s. 1.1, provides: "This act shall be known as the 'Current Operations Appropriations Act of 2017.'" Session Laws 2017-57, s. 39.6, is a severability clause. Effect of Amendments. - Session Laws 2017-57, s. 34.21(a), effective January 1, 2018, substituted "general aviation airports" for "public airports" and made a stylistic change. DIVISION IX. Local Option Sales and Use Taxes.