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CHAPTER 405 AN ACT AUTHORIZING THE RIGHT TO PETITION FOR MUNICIPAL LIQUOR CONTROL STORES IN INCORPORATED MUNICIPALITIES IN ROBESON COUNTY, ESTABLISHMENT OF SAME UPON AN AFFIRMATIVE VOTE OF THE PEOPLE, AND PROVIDING FOR THE ALLOCATION OF NET PROCEEDS FROM THE OPERATION THEREOF. , The General Assembly of North Carolina do enact:
After deducting the amount required to pay all salaries and operating expenses, and after retaining a sufficient and proper working capital, the amount thereof to be determined by the board, the municipal board of alcoholic control shall allocate and disburse, as determined by quarterly audit, the net profits as hereinafter provided: (A) Five per cent -5% of the net profits to the General Fund of the municipality, to be used for law enforcement purposes; (B) Forty-five per cent -45% of the net profits will be paid to the General Fund of the municipality to be used for any governmental purpose, including but not limited to library purposes, recreational purposes, and educational purposes; (C) Fifty per cent -50% to the General Fund of Robeson County to be appropriated for any governmental purpose, including but not limited to library purposes, educational purposes, and hospital purposes.