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H813 [SL 1989-658) Page 3 of 3 <br />duties of the Authority otherwise conferred by law, the Authority may contract with <br />any person, firm, corporation, or agency to assist it in the promotion of travel and tourism and to <br />carry out the purposes identified in Section 1(e) of this act. The Authority may accept <br />contributions from any source to be used for the purposes stated in Section (1)(e) of this act. <br />On or before April 1 of each year after the levy of the tax authorized in this act, the <br />Authority shall prepare an annual budget based upon anticipated revenues and shall submit the <br />budget to the Cabarrus County Manager for processing and approval through the regular budget <br />procedure of the. County. The Authority shall make quarterly reports to -the board detailing its <br />- -: revenues, expenditures, and activities:- The County mayaudit the Authority's fmancial records -. <br />upon reasonable notice to the Authority. At the end of each fiscal year, any funds of the <br />Authority not expended, obligated, or reserved, as approved by the County, shall be remitted to <br />Cabarrus Countv for its use. <br />Sec. 3. Effective Date. This act is effective upon ratification. <br />In the General Assembly read three times and ratified this the 19th day of July; 1989. <br />~-~~ <br />httn•//www nnna ctata nn nc/Caccinnc/1QRQ/Rillc/FlnneP/FrTAifT /TIR1'2..4 hr..,i ~/ei~nno <br />