Bill Summary for H 335 (2021-2022)

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Summary date: 

Apr 1 2021

Bill Information:

View NCGA Bill Details2021
House Bill 335 (Public) Filed Wednesday, March 17, 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 amendment makes the following changes to the 3rd edition.

Amends proposed GS 115C-218.105(c1), which provides for a 5% late fee on undisputed amounts of the per pupil share of the current expense fund not transferred or postmarked within 15 days of an administrative unit's receipt of notice from a charter school that the required per pupil share has not been transferred. Now specifies that the late fee only applies if the administrative unit has received written notice directed to the superintendent and school finance officer from the charter school.