AN ACT TO REVISE REQUIREMENTS REGARDING THE TRANSFER OF FUNDS FROM A LOCAL SCHOOL ADMINISTRATIVE UNIT TO A CHARTER SCHOOL TO INCENTIVIZE THE TIMELY TRANSFER OF FUNDS.
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.
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