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(2) Collection of the tax by the North Carolina Secretary of Revenue, and <br />liability therefore, shall begin and continue on and after the first day of <br />January 2003. <br />(3) The net proceeds of the tax levied herein shall be distributed by the <br />Secretary of Revenue to Lee County as prescribed by N.C.G.S. 105-520. <br />The amount distributed to Lee County shall be divided among the county <br />and the municipalities herein in accordance with the method by which the <br />one percent (1%) sales and use tax levied in Lee County, pursuant to Article <br />39 of General Statutes Chapter 105, are distributed. <br />(4) This Resolution is effective upon its adoption, and a certified copy hereof <br />shall be forwarded to the North Carolina Secretary of Revenue. <br />-Z~ I <br />Herbert A. Hincks, Chainnan <br />NORTH CAROLINA, LEE COUNT x,/- <br />Pr ^.fn for reglstratlon on Ihe~ day <br />20e.~:L- at OU AM/PM <br />recorded In Book / page <br />Nellie W. Thomas, Registerof Deeds <br />Adopted this 7`h day of October 2002. <br />7 <br />