§ 7. Financing of the commission.

(a)

The commission shall prepare a budget to support its request for funds to carry out its work, not to exceed a total of thirty thousand dollars ($30,000.00).

(b)

The commission shall make its requests for funds to the boards of commissioners of Cabarrus and Rowan Counties. Of the funds requested, sixty-seven (67) percent shall be provided by Cabarrus County and thirty-three (33) percent by Rowan County.

(c)

If the City of Kannapolis is established as provided in this act, its council shall appropriate funds not later than June 30, 1987, to reimburse Cabarrus and Rowan Counties, without interest, for the sums advanced to the commission.

(d)

The commission's rules shall provide that all funds expended by the commission shall be in accord with its budget, and each disbursement shall be specifically approved by at least one (1) officer and one (1) other commission member. Cabarrus County, through its finance department, shall provide accounting and treasury services for the commission without compensation. The commission is not subject to the Local Government Budget and Fiscal Control Act.

(e)

The commission shall submit a final report on its expenditures to the boards of commissioners of Cabarrus and Rowan Counties upon the completion of its work.