111-12.6. Disposition of funds deposited with or transferred to State Treasurer.
All funds required under this Article to be deposited with or which have been transferred to the State Treasurer by the Bureau of Employment of the Department of Health and Human Services, and all future net earnings and accumulations of the Bureau or its successor, other than the one hundred thousand dollars ($100,000) reserve fund provided for in G.S. 111-12.5, from whatever source shall be periodically, but not less frequently than annually, paid over to and retained by the State Treasurer as a separate fund or account. The funds deposited with the State Treasurer shall be invested and the income from the corpus shall inure to the sole benefit of the Department of Health and Human Services. The income and corpus shall be expended for services to and for the benefit of blind and visually impaired persons in North Carolina upon recommendation of the Commission for the Blind, by and with the approval of the Governor as the Director of the Budget. (1967, c. 1214; 1973, c. 476, s. 143; 1997-443, s. 11A.118(a); 2000-121, s. 10.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 111 - Aid to the Blind
Article 1 - General Duties of Department of Health and Human Services.
§ 111-4 - Register of State's blind.
§ 111-6.1 - Rehabilitation center for the blind and visually impaired.
§ 111-8 - Investigations; eye examination and treatment.
§ 111-11.1 - Jurisdiction of certain Divisions within the Department of Health and Human Services.
§ 111-12.1 - Acceptance of private contributions for particular facilities authorized.
§ 111-12.2 - Contributions treated as State funds to match federal funds.
§ 111-12.3 - Rules and regulations as to receiving and expending contributions.
§ 111-12.5 - Reserve and operating capital fund.
§ 111-12.6 - Disposition of funds deposited with or transferred to State Treasurer.