AN ACT to clarify the distribution of net profits from the operation of the city of concord alcoholic beverage control board.

The General Assembly of North Carolina enacts:

SECTION 1.  Section 5.14 of S.L. 1985‑861 reads as rewritten:

Sec. 5.14. Distribution of profits. Out of the net profits remaining after the payment of all costs and operating expenses, and after retaining a sufficient and proper working capital, the Board of Alcoholic Beverage Control shall distribute the net profits as follows: the first fifteen five percent (15%) (5%) for law enforcement; enforcement, retain a sufficient and proper working capital, and then, of the remaining balance, twenty‑five percent (25%) to Cabarrus County and the seventy‑five percent (75%) to the City of Concord.

SECTION 2.  This act is effective when it becomes law.