12 NCAC 11 .0307. SUSPENSION OF AUTHORITY TO EXPEND FUNDS

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In the event that Board's authority to expend funds is suspended pursuant to G.S. 93B-2(d), the Board shall continue to issue and renew licenses and all fees tendered shall be placed in an escrow account maintained by the Board for this purpose. Once the Board's authority is restored, the funds shall be moved from the escrow account into the general operating account.

History Note: Authority G.S. 93B-2(b);

Eff. December 1, 2012.

                    
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