21 NCAC 34A .0203. REPORT TO GENERAL ASSEMBLY

(a)  No later than October 31 of each calendar year, the Board shall file the reports required by G.S. 93B-2.  If the Board fails to timely file a report, all funds received after October 31 shall be deposited into an escrow account with a financial institution, as such term is defined in G.S. 90-210.60(2), until the report has been filed.  The Board may resume the expenditure of funds in accordance with G.S 93B-2 immediately upon depositing the report into the custody of the U.S. Postal Service as certified mail return receipt requested.

(b)  Any period of suspension under G.S. 93B-2(d) shall have no effect upon the right of a license or permit applicant to the issue or renewal of any license or permit upon meeting all legal requirements; provided, however, that this Rule shall not impose any duty upon the Board to issue any license or permit outside its normal operating procedures.

 

History Note:        Authority G.S. 90-210.23(a); 93B-2(d);

Eff. September 1, 2010.