North Carolina § 106-1018 - Forest Development Fund.

§ 106-1018. Forest Development Fund.

The Forest Development Fund is created in the Department as a special fund. Revenue in the Fund does not revert at the end of a fiscal year, and interest and other investment income earned by the Fund accrues to it. The Fund is created to provide revenue to implement this Article. The Fund consists of the following revenue: Assessments on primary forest products collected under Article 84 of this Chapter. General Fund appropriations. Gifts and grants made to the Fund. , (c) Repealed by Session Laws 1997-352, s. 3. In any fiscal year, no more than five percent (5%) of the available funds generated by the Primary Forest Product Assessment Act may be used for program support under G.S. 106-1013(c). Funds used for the purchase of equipment under G.S. 106-1013(d) shall be limited to appropriations from the General Fund to the Forest Development Fund designated specifically for equipment purchase. History (1977, c. 562, s. 8; c. 771, s. 4; 1981, c. 1127, s. 45; 1989, c. 727, s. 218(75); 1997-352, s. 3; 1997-443, s. 11A.119(a); 2011-145, s. 13.25(gg), (hh); 2019-177, s. 5.2(a).) Editor's Note. - This section was formerly codified as G.S. 113A-183. It was recodified as G.S. 106-963 by Session Laws 2011-145, s. 13.25(gg), effective July 1, 2011, and renumbered as G.S. 106-1018 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, in the introductory paragraph of subsection (a), deleted "of Environment and Natural Resources" following "Department"; in subdivision (a)(1), substituted "Article 81 of Chapter 106 " for "Article 12 of Chapter 113A "; and in subsections (d) and (e), updated the section reference. Session Laws 2019-177, s. 5.2(a), effective July 26, 2019, substituted "Article 84 of this Chapter" for "Article 81 of Chapter 106 of the General Statutes" in subsection (a); deleted "Processor" following "Product" in subsection (d); and deleted "the provisions of" following "under" in subsections (d) and (e). §§ 106-1019 through 106-1024: Reserved for future codification purposes.