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5 / 26 / 99 <br /> B . Funding Sources <br /> 1 . Alternative Sources <br /> The means and methods of funding future recreation and parks needs <br /> may involve a number of approaches and combinations . As discussed <br /> in Section III , a coordinated approach for capital funding of <br /> acquisitions might be desirable . Some possibilities for funding sources <br /> might include : <br /> • Bond referenda from the County or Towns <br /> • Grants from programs such as the NC Parks and Recreation Trust <br /> Fund , the Natural Heritage Trust Fund ( via state agencies ) , the <br /> Clean Water Management Trust Fund , Conservation Reserve <br /> Enhancement Program , and other sources ( add examples ) <br /> • Allocations from local government general funds or special accounts <br /> • Contributions from other agencies with interests <br /> • Matching funds from local governments <br /> • Payment - in - Lieu or New Program of funding through development <br /> ( see Sections VI and VII ) or School / Park Reserve Fund <br /> • Future Federal programs for open space and parks ( Lands Legacy / <br /> Better America Bonds Initiative ) <br /> • NC Conservation Corps ( AmeriCorps/ VISTA ) <br /> 2 . Local Funding of State Trust Funds : Parks and <br /> Recreation Trust Fund / Natural Heritage Trust Fund <br /> Two of these potential funding sources are funded through locally <br /> collected revenue stamps . Currently , the County collects $ 2 . 00 per <br /> thousand on the sale prices of houses . Of this money , 48 % goes to <br /> the State , while 52 % ( $ 1 . 04 of the $ 2 stamp ) stays in the County . <br /> Three - quarters ( 75 % ) of the State 's portion goes to the Parks and <br /> Recreation Trust Fund established under G . S . 113 - 44 . 15 . The money <br /> collected under this fund is appropriated annually by the , NC Parks and <br /> Recreation Authority and used as follows : l <br /> 1 . Sixty - five percent ( 65 % ) for the State Parks System for capital <br /> projects , repairs/ renovations of park facilities , and land acquisition . <br /> 2 . Thirty percent ( 30 % ) to provide matching funds to local <br /> governmental units on a dollar- for - dollar basis for local park and <br /> recreation purposes . These funds shall be allocated by the North <br /> Carolina Parks and Recreation Authority based on criteria patterned <br /> after the Open Project Selection Process established for the Land <br /> and Water Conservation Fund administered by the National Park <br /> Service of the United States Department of the Interior . <br /> 1 Information on the Parks and Recreation Trust Fund is taken from the corresponding state statutes . <br /> 27 <br />