04 NCAC 01L .0103. BENEFITS

Benefits are graduated, depending upon age and adjusted gross income of the homeowner and amount of damage to the primary residence.

(1)           Homeowner(s) age 60 or over and

(a)           Damage assessed at less than Twenty-Five Thousand Dollars ($25,000) - maximum grant shall be Five Thousand Dollars ($5,000).

(b)           Damage of Twenty-Five Thousand Dollars ($25,000) and over - grant shall be Ten Thousand Dollars ($10,000).

(2)           Homeowner(s) under age 60, with a combined annual adjusted gross income under Thirty-Five Thousand Dollars ($35,000).

(a)           Damage assessed at less than Twenty-Five Thousand Dollars ($25,000) - maximum grant shall be Five Thousand Dollars ($5,000).

(b)           Damage of Twenty-Five Thousand Dollars ($25,000) and over - grant shall be Ten Thousand Dollars ($10,000).

(3)           Homeowner(s) under age 60, with a combined annual adjusted gross income of Thirty-Five Thousand Dollars ($35,000) or more, but less than One Hundred Thousand Dollars ($100,000) and

(a)           Damage assessed at less than Twenty-Five Thousand Dollars ($25,000) - maximum grant shall be Two Thousand Five Hundred Dollars ($2,500).

(b)           Damage of Twenty-Five Thousand Dollars ($25,000) or over, but less than Fifty Thousand Dollars ($50,000) - grant shall be Five Thousand Dollars ($5,000).

(c)           Damage of Fifty Thousand Dollars ($50,000) or more B grant shall be Ten Thousand Dollars ($10,000).

 

History Note:        Authority G.S. 150B-21.1; S.L. 1999-463;

Temporary Adoption Eff. February 18, 2000 to expire on January 1, 2003;

Codifier approved request on December 30, 2002 to extend expiration until January 1, 2005;

Codifier approved request on December 30, 2004 to extend expiration until January 1, 2010;

The Department of Commerce and the Department of Crime Control & Public Safety consider this rule to be extended and currently in effect pursuant to Session Law 1999-463 Extra Session House Bill 2, Session Law 2005-1, Executive Order 8 dated July 6, 2001 and Executive Order 75 dated June 10, 2005.