North Carolina § 143-713 - Use of funds.

§ 143-713. Use of funds.

The funds under the Master Settlement Agreement, which is incorporated into the Consent Decree, shall be credited to the Settlement Reserve Fund. Any monies paid into the North Carolina State Specific Account from the Disputed Payments Account on account of the Non-Participating Manufacturers that would have been transferred to the Golden LEAF Foundation shall be deposited in the Settlement Reserve Fund. History (1999-2, s. 6; 2011-145, s. 6.11(d); 2011-391, s. 7(b); 2013-360, s. 6.4(b); 2020-78, s. 6.2(a), (b).) Editor's Note. - Session Laws 2020-78, s. 6.2(a), provides: "Chapter 143 of the General Statutes is amended by adding a new Article 74A, to be entitled 'Golden LEAF Foundation.' Section 1 of S.L. 1999-2 is codified as G.S. 143-710 , to be entitled 'Golden LEAF Foundation.' Section 2(c) of S.L. 1999-2, as amended by Section 15.10A(a) of S.L. 2013-360, is codified as G.S. 143-711 , to be entitled 'Board of directors.' Section 3 of S.L. 1999-2 is codified as G.S. 143-712 , to be entitled 'Articles of incorporation; reporting.' Section 4 of S.L. 1999-2 is repealed. Section 5 of S.L. 1999-2 is codified as G.S. 143-711 (b). Section 6 of S.L. 1999-2, as amended by Section 6.11(d) of S.L. 2011-145, Section 7(b) of S.L. 2011-391, and Section 6.4(b) of S.L. 2013-360, is codified as G.S. 143-713 , to be entitled 'Use of funds.'" Session Laws 2020-78, s. 22.1, provides: "Except for statutory changes or other provisions that clearly indicate an intention to have effects beyond the 2019-2021 fiscal biennium, the textual provisions of this act apply only to the 2019-2021 fiscal biennium." Session Laws 2020-78, s. 22.3, is a severability clause. Effect of Amendments. - Session Laws 2020-78, s. 6.2(b), effective July 1, 2020, substituted "the Golden LEAF Foundation" for "The Golden L.E.A.F. (Long-Term Economic Advancement Foundation), Inc." in subsection (b). § 143-714: Reserved for future codification purposes.