North Carolina § 143B-1293 - North Carolina Veterans Home Trust Fund.

§ 143B-1293. North Carolina Veterans Home Trust Fund.

Establishment. - A trust fund shall be established in the State treasury, for the Department of Military and Veterans Affairs, to be known as the North Carolina Veterans Home Trust Fund. Composition. - The trust fund shall consist of all funds and monies received by the Veterans' Affairs Commission or the Department of Military and Veterans Affairs from the United States, any federal agency or institution, and any other source, whether as a grant, appropriation, gift, contribution, devise, or individual reimbursement, for the care and support of veterans who have been admitted to a State veterans home. Use of Fund. - The trust fund created in subsection (a) of this section shall be used by the Department of Military and Veterans Affairs to do the following: To pay for the care of veterans in said State veterans homes; To pay the general operating expenses of the State veterans homes, including the payment of salaries and wages of officials and employees of said homes; and To remodel, repair, construct, modernize, or add improvements to buildings and facilities at the homes. Miscellaneous. - The following provisions apply to the trust fund created in subsection (a) of this section: All funds deposited and all income earned on the investment or reinvestment of such funds shall be credited to the trust fund. Any monies remaining in the trust fund at the end of each fiscal year shall remain on deposit in the State treasury to the credit of the North Carolina Veterans Home Trust Fund. Nothing contained herein shall prohibit the establishment and utilization of special agency accounts by the Department of Military and Veterans Affairs or by the Veterans' Affairs Commission, for the receipt and disbursement of personal funds of the State veterans homes' residents or for receipt and disbursement of charitable contributions for use by and for residents. History (1995, c. 346, s. 1; 2011-284, s. 127; 2015-241, s. 24.1(k), (pp); 2015-268, s. 7.3(a), (b).) Editor's Note. - Former G.S. 165-48 was recodified by Session Laws 2015-241, s. 24.1(k), as G.S. 143B-1293. Session Laws 2015-241, s. 24.1(ww), as amended by Session Laws 2015-268, s. 7.3(a), made the recodification of this section by Session Laws 2015-241, s. 24.1(k), and amendment by Session Laws 2015-241, s. 24.1(pp), effective July 1, 2015. Session Laws 2015-241, s. 1.1, provides: "This act shall be known as 'The Current Operations and Capital Improvements Appropriations Act of 2015.'" Session Laws 2015-241, s. 33.6, is a severability clause. Session Laws 2018-5, s. 19.4, as added by Session Laws 2018-97, s. 6.5, provides: "Notwithstanding G.S. 143B-1293(b), the sum of five hundred thousand dollars ($500,000) in nonrecurring funds for 2018-2019 fiscal year is transferred from the North Carolina Veterans Home Trust Fund to the Office of State Budget and Management to provide a grant-in-aid to the Veterans Leadership Council of North Carolina-Cares to be used for the Veterans Life Center in Butner. To the extent any of the funds described in this section are deemed unappropriated, the funds are appropriated for the purpose set forth in this section." Session Laws 2018-5, s. 1.1, provides: "This act shall be known as the 'Current Operations Appropriations Act of 2018.'" Session Laws 2018-5, s. 39.4, provides: "Except for statutory changes or other provisions that clearly indicate an intention to have effects beyond the 2018-2019 fiscal year, the textual provisions of this act apply only to funds appropriated for, and activities occurring during, the 2018-2019 fiscal year." Session Laws 2018-5, s. 39.7, is a severability clause. Effect of Amendments. - Session Laws 2011-284, s. 127, effective June 24, 2011, substituted "devise" for "bequest" in subsection (b). Session Laws 2015-241, s. 24.1(pp), effective July 1, 2015, substituted "Department of Military and Veterans Affairs" for "Division of Veterans Affairs" in subsection (a); substituted "Veterans' Affairs Commission" for "Veterans Affairs Commission or the Division of Veterans Affairs" in subsection (b); substituted "Department of Military and Veterans Affairs to do the following" for "Division of Veterans Affairs" in the introductory language of subsection (c); and substituted "Veterans' Affairs Commission" for "Division of Veterans Affairs, as may be approved by the Veterans" in subdivision (d)(3). For effective date, see editor's note. Session Laws 2015-268, s. 7.3(b), effective July 1, 2015, inserted "or the Department of Military and Veterans Affairs" in subsection (b); and inserted "Department of Military and Veterans Affairs or by the" in subdivision (d)(3).