GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1997

S	1 

SENATE BILL 1301*

Short Title:  Southern Dairy Compact Cmsn. Funds.	(Public)

─────────────────────────────────────── 
Sponsors: Senators Odom; Albertson, Cochrane, Horton, Jenkins, Kinnaird, Martin of Pitt, Perdue, and Phillips.

─────────────────────────────────────── 
Referred to:  Appropriations.

─────────────────────────────────────── 

May 27, 1998

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS TO A NONREVERTING RESERVE FOR THE START-UP COSTS OF THE SOUTHERN DAIRY COMPACT COMMISSION AND THE INITIAL COSTS OF ADMINISTERING AND ENFORCING THE SOUTHERN DAIRY COMPACT AND TO PROVIDE FOR THE REPAYMENT OF THOSE FUNDS, AS RECOMMENDED BY THE ENVIRONMENTAL REVIEW COMMISSION.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to a nonreverting reserve within the Department of Agriculture and Consumer Services the sum of one million eight hundred thousand dollars ($1,800,000) for the 1998-99 fiscal year for the start-up costs of the Southern Dairy Compact Commission, to be established pursuant to Section 4 of the Southern Dairy Compact as set forth in G.S. 106-810, and the initial costs of administration and enforcement of the Southern Dairy Compact.
Section 2.  (a)	The Director of the Budget shall make no disbursements from the reserve established in Section 1 of this act to the Southern Dairy Compact Commission unless Congress ratifies legislation authorizing the operation of the Southern Dairy Compact, and the State of North Carolina and the Southern Dairy Compact Commission enter into a contract, approved by the Attorney General and the Commissioner of Agriculture, that contains all of the following provisions:
(1)	That the administrative headquarters of the Southern Dairy Compact Commission shall be located within this State.
(2)	That all funds disbursed from the reserve to the Southern Dairy Compact Commission shall be repaid to the State, plus interest at an amount to be agreed upon by the parties, from revenue pledged by the Commission, assessments collected by the Commission, or the reserve of the Commission, in accordance with a repayment schedule to be agreed upon by the parties.
(3)	That the Southern Dairy Compact Commission shall issue notes to the State of North Carolina in the amount of the funds disbursed from the reserve under this act.
(4)	That, prior to each disbursement, the Southern Dairy Compact Commission shall itemize the needs of the Commission to be served by the requested disbursement and an itemized list showing how the most recent disbursement was spent.
(b)	The contract under this section shall not contain any provision that prevents another participating state, as defined in Section 2 of the Southern Dairy Compact as set forth in G.S. 106-810, from providing some or all of the start-up costs of the Southern Dairy Compact Commission or its initial costs of administration and enforcement of the Southern Dairy Compact.
(c)	All sums repaid to the State pursuant to the contract under this section shall be credited to the General Fund.
(d)	Any funds not disbursed from the reserve under this act by the end of the term of years provided in the contract under this section shall revert at the end of that fiscal year.
(e)  Upon the failure of Congress to ratify legislation authorizing the operation of the Southern Dairy Compact by June 30, 2001, all funds in the reserve shall revert to the General Fund.
Section 3.  This act becomes effective July 1, 1998.