A BILL TO BE ENTITLED AN ACT TO CLARIFY THAT CHARTER SCHOOLS MAY USE STATE FUNDS FOR OPERATIONAL LEASES AND MAY ASSIGN STATE FUNDS TO OBTAIN FUNDS FOR FACILITIES, EQUIPMENT, AND OPERATIONS; AND TO REQUIRE ACCOUNTING OF CHARTER SCHOOL FUNDS AND A TIME LINE FOR THE TRANSFER OF FUNDS BY LOCAL BOARDS OF EDUCATION TO CHARTER SCHOOLS AND TO PROVIDE FOR ATTORNEYS' FEES, COSTS AND INTEREST IN ACTIONS TO ENFORCE TRANSFERS.
Amends GS 115C-238H(b), requiring local school administrative units to provide charter schools with a detailed accounting of the funds to be transferred to the school equal to the per pupil expense appropriations and to transfer those funds based on a preliminary projection of charter school enrollment provided to the unit by the school. Such transfers must occur no later than 15 days after the local school administrative unit receives its local current expense appropriation. Any adjustments to the amount transferred must be made by the local school administrative unit within 30 days of the State Board of Education's certification of the charter school's daily membership for the school year. Failure to comply with these requirements will result in interest accruing at the rate of 6% of the amount due to the charter school until the interest and amount due is transferred.
Effective when the act becomes law and applies beginning with the 2013-2014 school year.
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