North Carolina § 106-1016 - Limitation of payments.

§ 106-1016. Limitation of payments.

An eligible landowner may receive forest development cost sharing payments for satisfactory completion of approved practices as determined by the Commissioner, except that the Commissioner shall approve no assistance in an amount exceeding the lesser of (i) a sum equal to sixty percent (60%) of the landowner's actual per acre cost incurred in implementing the approved practice or (ii) a sum equal to sixty percent (60%) of the prevailing per acre cost as determined by the Commissioner under G.S. 106-1014(3) for implementing that approved practice. The maximum amount of forest development cost sharing funds allowed to any landowner in one fiscal year will be the amount required to complete all approved practices on 100 acres of land at the prevailing cost sharing rate established under G.S. 106-1016(a). Eligible landowners may not use State cost sharing funds if funds from any federal cost sharing program are used on the same acreage for forestry practices during the same fiscal year. History (1977, c. 562, s. 6; 2011-145, s. 13.25(gg), (hh).) Editor's Note. - This section was formerly codified as G.S. 113A-181. It was recodified as G.S. 106-961 by Session Laws 2011-145, s. 13.25(gg), effective July 1, 2011, and renumbered as G.S. 106-1016 at the direction of the Revisor of Statutes. Session Laws 2011-145, s. 1.1, provides: "This act shall be known as the 'Current Operations and Capital Improvements Appropriations Act of 2011.'" Session Laws 2011-145, s. 32.5 is a severability clause. Effect of Amendments. - Session Laws 2011-145, s. 13.25(hh), effective July 1, 2011, throughout subsection (a), substituted "Commissioner" for "Secretary"; and in subsections (a) and (b), updated the section references.