21 NCAC 63 .0106. ANNUAL REPORTS

Latest version.

(a) Not later than October 31 of each year, the Board shall file the reports required by G.S. 93B-2.

(b) In the event the reports required by G.S. 93B-2 are not timely filed, and the Board's authority to expend any funds is suspended, the Board shall continue to issue and renew licenses and deposit any fees or funds received during the period of suspension into an escrow account established by the Board solely for this purpose.

(c) The Board shall not expend the fees or funds until the Board has filed the required reports in accordance with G.S. 93B-2.

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

Eff. July 1, 2011.

                    
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