AN ACT ESTABLISHING THE STATE HISTORIC SITES FUND IN THE DIVISION OF STATE HISTORIC SITES.

The General Assembly of North Carolina enacts:

SECTION 1.  Article 1 of Chapter 121 of the General Statutes is amended by adding a new section to read:
"§ 121‑7.6.  State Historic Sites special fund.
(a)	Fund. – The State Historic Sites Fund is created as a special, interest‑bearing revenue fund in the Division of State Historic Sites. The Fund consists of all receipts derived from the lease or rental of property or facilities, disposition of structures or products of the land, and admissions and fees collected at the State Historic Sites. The revenues in the Fund may be used only for the operation, interpretation, maintenance, preservation, development, and expansion of the individual State Historic Site where the receipts are generated. The Division and the staff from each State Historic Site will determine how the funds will be used at that Historic Site.
(b)	Application. – This section applies to the individual State Historic Sites owned by or under the control of the Division of State Historic Sites, with the exception of the Bentonville Battlefield State Historic Site. The Bentonville Battlefield State Historic Site is subject to G.S. 121‑7.5.
(c)	Reports. – The Department of Cultural Resources must submit to the Joint Legislative Commission on Governmental Operations, the House of Representatives and Senate Appropriations Subcommittees on General Government, and the Fiscal Research Division by September 30 of each year a report on the Fund that includes the source and amounts of all funds credited to the Fund and the purpose and amount of all expenditures from the Fund during the prior fiscal year."
SECTION 2.  This act becomes effective July 1, 2011.
In the General Assembly read three times and ratified this the 15th day of June, 2011.

	s/	 Walter H. Dalton
	 President of the Senate

	s/	 Thom Tillis
	 Speaker of the House of Representatives

	s/	 Beverly E. Perdue
	 Governor

Approved 12:10 p.m. this 23rd day of June, 2011