A BILL TO BE ENTITLED
AN ACT to allow the City of randleman to change the distribution formula for proceeds from abc stores.
The General Assembly of North Carolina enacts:
SECTION 1.  Section 5 of Chapter 168 of the 1965 Session Laws, as amended by Section 1 of Chapter 821 of the 1971 Session Laws, reads as rewritten:
"Sec. 5. Out of the net revenue remaining after the payment of all costs and operating expenses, and after retaining a sufficient and proper working capital, the City of Randleman Board of Alcoholic Control shall, on a quarterly basis, distribute the balance as follows:
		
City of Randleman General Fund, to be used for capital improvements
or operating expenses in connection with the Police Department
of the City of Randleman 		5%
		
City of Randleman Recreation Program 		5%
City of Randleman General Fund 		90%
Total 		100%"
SECTION 2.  This act is effective when it becomes law.