Bill Summary for H 1095 (2015-2016)
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Summary date:
May 10 2016
Bill Information:
| View NCGA Bill Details | 2015-2016 Session |
AN ACT TO TRANSFER SOME OF THE FUNDS APPROPRIATED FOR THE OPPORTUNITY SCHOLARSHIP GRANT PROGRAM FOR THE 2016-2017 FISCAL YEAR TO THE PUBLIC SCHOOL BUILDING CAPITAL FUND TO BE USED FOR SCHOOL CONSTRUCTION PROJECTS IN LOCAL SCHOOL ADMINISTRATIVE UNITS.Intro. by L. Hall.
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Bill summary
Provides that from the previous funds appropriated to the Board of Governors of the University of North Carolina from the General Fund for the Opportunity Scholarship Grant program, $11.8 million in recurring funds will be transferred to the Public School Building Capital Fund, for allocation to counties for school capital construction projects based on a per average daily membership basis. Specifies restrictions on the use of the funds.
Effective July 1, 2016.