Bill Summaries: S396 (2011-2012 Session)

Tracking:
  • Bill S 396 (2011-2012)
    Summary date: Mar 22 2011 - View summary

    Beginning with the 2013-14 fiscal year, annually appropriates from the General Fund to the State Public School Fund a sum that is equal to the lesser of (1) 10% of any unreserved fund balance remaining in the General Fund at the end of the prior fiscal year; (2) $100 million; and (3) the amount owed to local school administrative units, including interest, according to the Memorandum of Decision and Judgment filed August 8, 2008, in N.C. School Bds. Ass’n v. Moore. Requires that the funds be allotted to local school administrative units on a per pupil basis and be used for maintaining free public schools. Provides that the funds supplement and do not supplant other funds appropriated for the public schools.
    Budget/Appropriations, Education
    APPROP

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