Amends GS 18C-164 to appropriate, for 2014-15, 27% of the funds in the Education Lottery Fund to the Public School Building Capital Fund. Increases the appropriation to 33% for 2015-16 and to 40% for 2016-17. Requires that actual net revenues exceeding the amounts appropriated in a fiscal year be transferred to the Pubilc School Building Capital Fund (was, remain in the Education Lottery Fund). Makes conforming changes to GS 115C-546.2. Effective July 1, 2014.
RESTORE LOTTERY $ FOR SCHOOL CONSTRUCTION.
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| View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO RESTORE THE ALLOCATION OF LOTTERY FUNDS FOR SCHOOL CONSTRUCTION.Intro. by Holloway, J. Bell, Saine, Jones.
Status: Ref To Com On Appropriations (House Action) (May 19 2014)
Bill History:
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Thu, 15 May 2014 House: Filed
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Mon, 19 May 2014 House: Passed 1st Reading
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Mon, 19 May 2014 House: Ref To Com On Appropriations
H 1107
Bill Summaries:
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Bill H 1107 (2013-2014)Summary date: May 15 2014 - View Summary
View: All Summaries for Bill