Bill Summary for H 335 (2021-2022)
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Summary date:
Mar 31 2021
S.L. 2021-79
Bill Information:
View NCGA Bill Details | 2021 |
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.Intro. by Bradford, Riddell, Hardister, Saine.
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Bill summary
House committee substitute makes the following changes to the 2nd edition.
Amends GS 115C-218.105(c) by amending the provisions governing the 5% late fee charged to a local school administrative unit, to specify that the fee is charged on the undisputed amount and is charged if monies are not electronically transferred, or if mailed, not postmarked within 15 days of notice from the charter school (was, charged if not transferred within 15 days of receiving notice from a charter school without specifying differences in time calculation based on delivery method).