Senate amendment to the 5th edition makes the following changes. Reduces the late fee set forth in GS 115C-218.105 from 5% to 3% applicable to the full amount of the per pupil share of the local current expense fund not transferred to charter schools within 15 days.

House amendment makes the following changes to the 3rd edition.

Amends proposed GS 115C-218.105(c1), which provides for a 5% late fee on undisputed amounts of the per pupil share of the current expense fund not transferred or postmarked within 15 days of an administrative unit's receipt of notice from a charter school that the required per pupil share has not been transferred. Now specifies that the late fee only applies if the administrative unit has received written notice directed to the superintendent and school finance officer from the charter school. 

House committee substitute makes the following changes to the 1st edition.

Deletes the proposed changes to GS 115C-218.105 and replaces them with the following. Now revises the requirements of GS 115C-218.105(c) to require the local school administrative unit in which a child is enrolled in a charter school to transfer the per pupil share amount of the local current expense fund to the charter school within 30 days of the later of (1) the receipt of monies into the local current expense fund, or (2) the receipt by an administrative unit of the enrollment verification and transfer request document as provided under new subsections (c2) and (c3) from the charter school (was within 30 days of receipt of the monies). Requires charter schools to send enrollment verification and transfer request documents on a monthly basis. Requires transfer of the per pupil share of any additional monies received in the local current expense fund after the initial transfer within 30 days of receipt. 

Enacts new subsection (c1), requiring the administrative unit to pay a late fee of 5% if monies are not transferred within 15 days of receiving notice from a charter school that the per pupil share of the local current expense fund has not been transferred as required by subsection (c). Provides for interest on the amount owed to accrue at 8% annually until the transfer is made. Grants administrative units an additional 30 days to make the transfer if the charter school fails to send the enrollment verification and transfer request document with the information required by new subsection (c2).

Enacts new subsection (c2), directing the Superintendent of Public Instruction (Superintendent) to create a standardized enrollment verification and transfer request document that charter schools must use to request per pupil shares of the local current expense fund of administrative units. Requires consultation with charter schools and administrative units. Restricts information charter schools are required to provide, as specified. Allows charter schools to take further steps to confirm residency in a particular administrative unit at its discretion. 

Enacts new subsection (c3), directing the Superintendent to create a standardized procedure that administrative units must use when transferring the per pupil share of the local current expense fund to charter schools, requiring electronic transfer to the extent practicable.

Amends subsection (c4), as organized, to prohibit the administrative unit from delaying the transfer of an undisputed amount in the event the administrative unit and the charter school disagree on the amount owed to the charter school. 

Maintains that the act applies beginning with the 2021-22 school year.