Agenda - 05-21-1997 - 5a - Laserfiche WebLink

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Full Text of Senate Bill 469-Cab...venue Options for Schools. (Local) http://www.ncga.state.nc.us/.html1997/bills/senate/sbiIO469.full.htm; 34 (a) Resolution. - - The board of commissioners of a county may, by resolution adopted by the affirmative vote of at least four- fifths of the commissioners, direct the county board of elections to conduct an advisory referendum on the question of whether a temporary local sales and use tax at the rate of one percent (lo) will be levied in accordance with this Article. The election shall be held on a date jointly agreed upon by the two boards and shall be held in accordance with the procedures of G.S. 163-287. (b) Public Hearing. - - The board of commissioners shall hold a public hearing on the question at least 30 days before the date the election is to be held. At the hearing, the board shall provide information on the public school building capital projects for which the tax revenue would be expected to be used, the approximate cost of each project, the approximate savings that could be realized by avoiding debt financing, and the fact that the tax expires automatically after 10 years. (c) Ballot Question. - - The form of the question to be presented on a ballot for a special election concerning the levy of the taxes authorized by this Article shall be: [ ] FOR [ ] AGAINST temporary one percent (it) local sales and use taxes, in addition to the current two percent (2$) local sales and use taxes, to be used only for public school capital projects. (d) Subsequent Elections. - - If a county has previously levied a tax under this Article and the tax is no longer in effect, the county may levy a new tax in accordance with this Article. An election regarding the levy of a subsequent tax may not be held, however, earlier than 90 days after the expiration or repeal of the previous tax under this Article. "$ 105- 509. Levy and collection of additional taxes. If the majority of those voting in a referendum held pursuant to this Article vote for the levy of the tax, the board of commissioners of the county may, by resolution, levy one percent (1t) local sales and use taxes in addition to any other State and local sales and use taxes levied pursuant to law. Except as provided in this Article, the adoption, levy, collection, administration, and repeal of these additional taxes shall be in accordance with Article 39 of this Chapter. in applying the provisions of Article 39 of this Chapter to this Article, references to 'this Article' mean 'Article 43 of Chapter 105 of the General Statutes' . "S 105- 510. Distribution and use of additional taxes. (a) Distribution. - - The Secretary shall, on a quarterly basis, distribute to each taxing county the net proceeds of the tax levied under this Article by that county. If the Secretary collects taxes under this Article in a month and the taxes cannot be identified as being attributable to a particular taxing county, the Secretary shall allocate these taxes among the taxing counties in proportion to the amount of taxes collected in each county under this Article in that month and shall include them in the quarterly distribution. (b) Use. - - A county may use the net proceeds distributed to it under this Article only for public school building capital outlay projects including the planning, construction, reconstruction, enlargement, improvement, repair, or renovation of public school buildings and for the purchase of land for public school buildings. A county shall not use the proceeds to pay debt service or to fund a public school building capital outlay project that is or will be financed in part by debt. 2 of 6 05/15/97 09:10:14