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8432 |
PROCEEDS OF
CLAIMS AGAINST FIRE AND CASUALTY INSURANCE |
8432 |
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The proceeds derived from the receipt of claims against
fire and casualty insurance policies shall be deposited in the capital outlay
fund to be made available for use to repair or replace the damaged asset, or
if the asset is not repaired or replaced, placed in the capital outlay fund
for future appropriation. |
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Legal Reference: G.S. 115-83 (f)
and G.S. 115-99.10 |
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Adopted:
December 13, 1976 |