Bill Summary for H 18 (2021-2022)

Summary date: 

Mar 30 2021

Bill Information:

View NCGA Bill Details2021
House Bill 18 (Public) Filed Wednesday, January 27, 2021
AN ACT TO PROVIDE LOCAL SCHOOL ADMINISTRATIVE UNITS ADDITIONAL FLEXIBILITY WITH RESPECT TO CASH MANAGEMENT.
Intro. by Davis.

View: All Summaries for BillTracking:

Bill summary

House committee substitute amends the 1st edition as follows.

Eliminates the proposed changes to GS 147-86.12 and replaces them with the following. Defines governing body and public school unit. Defines public school unit to include local school administrative units, charter schools, regional school, and innovative schools. Authorizes drawing of moneys deposited with the State Treasurer for disbursement by public school units (was local school administrative units) three business days prior (the previous edition provided for four days prior) to final disbursement to the ultimate payee, creating an exception to the guidelines set out in existing GS 147-86.11 requiring deposits to remain with the State Treasurer until final disbursement to the ultimate payee. Defines business day. Authorizes a public school unit to deposit such moneys drawn on the State Treasurer in an official depository designated by the governing body of the public school unit pursuant to state law. Makes conforming changes to GS 146-86.11. Amends GS 115C-75.11, GS 115C-218.105, and GS 115C-238.70, concerning innovative schools, charter schools, and regional schools, respectively, to explicitly subject the respective schools to the cash management provisions under Article 6A, GS Chapter 147, with respect to all receipts, deposits, and disbursements required by law to be deposited with the State Treasurer or made available for expenditure by warrants drawn on the State Treasurer (similar to the changes made to GS 115C-438 in the previous edition with regard to administrative units). Makes conforming changes to State policy regarding cash management set forth in GS 147-86.10 to refer to public school units as defined in GS 147-86.12, as amended, rather than administrative units. 

© 2022 School of Government The University of North Carolina at Chapel Hill

This work is copyrighted and subject to "fair use" as permitted by federal copyright law. No portion of this publication may be reproduced or transmitted in any form or by any means without the express written permission of the publisher. Distribution by third parties is prohibited. Prohibited distribution includes, but is not limited to, posting, e-mailing, faxing, archiving in a public database, installing on intranets or servers, and redistributing via a computer network or in printed form. Unauthorized use or reproduction may result in legal action against the unauthorized user.

Printer-friendly: Click to view