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If a trust beneficiary receives food or shelter, it is income in the form of ISM. 2. Trust principal is a resource. a.1 authorizes publication of Executive Orders of the Governor in the Session Laws of North Carolina.
This authorizes publication of Executive Orders of the Governor in the Session Laws of North Carolina. b. In the State Treasury, the Trust Funds have been appropriated for the support of the State's General Education Fund. (The Department of Revenue has the sole responsibility for collection of tax revenue, including income taxes and the income taxes collected by the Department of Taxation are not appropriated by this act.) “ Trust Funds have been appropriated for the support of the State's General Education Fund.” I. In general, all income that is earned, acquired, and/or used as a principal for purposes of North Carolina State government, including the State's General Education Fund, is income. No income that is earned, acquired, and/or used as an investment is income. Income received by a charitable organization in North Carolina, including all income from its trusts, is income in the form of ISM.
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