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.
House committee substitute makes the following changes to the 2nd edition.
Amends GS 115C-238.29H(b) to restrict the transfer of revenue derived from supplemental taxes only to a charter school located in the tax district for which the taxes are levied and in which the student resides, if the language on the ballot when the supplemental tax was approved by the voters specified that the supplemental taxes were only to be levied for students attending schools in that specific tax district (was, unconditionally repealed the restriction on transferring supplemental tax revenue outside of the tax district, which allowed funds to follow the student).
Provides that Section 1 of this act, which includes allowing for the awarding of attorneys' fees inactions to enforce the provisions of subsection (b) of GS 115C-238.29H, applies to any judgment entered after the effective date of this act.
Current lawrequires that the uniform budget format for local school administrativeunits (LEAs)consist of (1) the State Public School Fund, (2) the local current expense fund, and (3) the capital outlay fund.Current law also allows the use of other funds to account for a varietyof reimbursements. Amends GS 115C-426(c) todelete provisions for the use of other funds to account for reimbursements and to provide that other funds may only be used if necessary to comply with a requirement by a donor that the LEA provide an accounting for trust funds and federal grants restricted as to use.
Amends the bill title.
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