Agenda - 07-23-1986 - Laserfiche WebLink

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• , l - I . . . . . . ' ■ , . A ' • . . .. • , . . . . V • ON: - e .2'... .' . . under this Article that has been expended for a public school capital outlay purposes . (including retirement of indebtedness i' incurred and monies reserved for these purposes) , and any other . factors it deems relevant to carrying out, the intent stated in Cs subsection (a) of this section. (c) Any local board of education may petition the Local . . Government Commission to make a finding that the funds provided by a county for public school capital outlay purposes are, within . the financial resources available and consistent with the fiscal -*. policies of the hoard of County Commissioners, inadequate to meet the public school capital outlay needs within that county and that the Board of County Commissioners has not' complied with the . I regnirements or intent of this Article. The. petition shall be in i the' form prescribed by the Commission. In making its finding, the Commission shall consider the facts it is required to report 1 under G.S. 105-503, as veil as any other information -it deems . necessary. The Commission shall report its findings on - such petition, together with any recommendations it deems appropriate, to the Joint Legislative. Commission on Governmental Cperations. n9 105-504. Use of additional tan revenue ily municipalities.— . (a) Except as provided in subsection (b) or (e) , forty percent (40%) of the revenue received by a municipality from additional one-half percent ( 1/2%) sales and use taxes levied under this ' Article during the first five fiscal years' in which 'the additional taxes are in effect in the municipality and . thirty. ' 1 percent (302) of the revenue received by a municipality from these taxes in the second five fiscal years in which the taxes . . . - are in effect in the municipality may be used by the municipality only for water and sewage capital outlay purposes or to retire any indebtedness incurred by the municipality for these purposes, (b) The Local Government Commission may, upon petition by a municipality, authorize a- municipality to use part or all it tax revenue, otherwise required by subsection (a) to be used for water and sewage capital needs, for any lawful purpose. The petition shall be in the form prescribed by the Local Government Commission and shall demonstrate that the municipality can provide for , its water and sewage capital needs without restricting the use of part or all, of the designated amount of , . the additional one-half percent ( 1/2%) sales and use tax revenue ' - - for these purposes. ' , . . In waking its decision, the Local Government Commission may • . - consider information from sources other than the petition. . . The Commission shall issue a written decision on each petition _ stating the findings of the Commission concerning the water and . . sewage capital needs of the petitioning municipality and the . percentage of revenue otherwise restricted by subsection (a) that - - nay be used by the petitioning municipality for any lawful purpose. . Decisions of the Commission allowing municipalities to use a percentage of their tax revenue that would otherwise be restricted under subsection (a) for any lawful purpose are final . and shall continue in effect until the restriction imposed by - that subsection expires. A municipality uhose petition is . Aenied, •in whole or in part, by the Commission may subsequently . 'submit a new petition to the Commission. If . e'6 I. . . 4 . House. Bill 1542 1. . s , . . . . . _