N.C. Gen. Stat. § 105-164.44M
Transfer to Highway Fund
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.