105-508.2. Distribution and use of taxes.
(a) Distribution. - The Secretary shall, on a monthly basis, allocate to each special district the net proceeds of the tax levied under this Part within the special tax district, to be used for the benefit of that district.
(b) Use. - A special district must expend the net proceeds distributed to it in accordance with its financial plan adopted pursuant to G.S. 105-508.1 and use the net proceeds only for financing, constructing, operating, and maintaining public transportation systems. The special district shall use the net proceeds to supplement and not to supplant or replace existing funds or other resources for public transportation systems. (2009-527, s. 2(b).)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 43 - Local Government Sales and Use Taxes for Public Transportation.
§ 105-506 - Short title; purpose.
§ 105-506.2 - Exemption of food.
§ 105-507.1 - Local election on adoption of sales and use tax.
§ 105-507.2 - Levy and collection of sales and use tax.
§ 105-507.3 - Distribution and use of taxes.
§ 105-508 - Special districts.
§ 105-508.2 - Distribution and use of taxes.
§ 105-509.1 - Levy and collection of sales and use tax - regional public transportation authority.
§ 105-510 - Local election on adoption of sales and use tax regional transportation authority.
§ 105-510.1 - Levy and collection of sales and use tax - regional transportation authority.
§ 105-511.2 - Local election on adoption of sales and use tax.