§ 105-449.125. Distribution of tax revenue among various funds and accounts.
Part 7. Use of Revenue.
§ 105‑449.125. Distribution of tax revenue among various funds and accounts.
The Secretary shall allocatethe amount of revenue collected under this Article from an excise tax of one‑halfcent (1/2¢) a gallon to the following funds and accounts in the fractionindicated:
Fundor Account Amount
CommercialLeaking Petroleum
UndergroundStorage Tank Cleanup Fund Nineteen thirty‑seconds
NoncommercialLeaking Petroleum
UndergroundStorage Tank Cleanup Fund Three thirty‑seconds
Water andAir Quality Account Five‑sixteenths.
The Secretary shall allocateseventy‑five percent (75%) of the remaining excise tax revenue collectedunder this Article to the Highway Fund and shall allocate twenty‑fivepercent (25%) to the Highway Trust Fund.
The Secretary shall charge aproportionate share of a refund allowed under this Article to each fund oraccount to which revenue collected under this Article is credited. TheSecretary shall credit revenue or charge refunds to the appropriate funds oraccounts on a monthly basis. (1995, c. 390, s. 3.)