Bill Summary for H 663 (2019-2020)
Apr 9 2019
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AN ACT TO APPROPRIATE ADDITIONAL FUNDS FOR FACULTY RECRUITMENT AND RETENTION FOR THE UNIVERSITY OF NORTH CAROLINA, AS RECOMMENDED BY THE BOARD OF GOVERNORS OF THE UNIVERSITY OF NORTH CAROLINA.Intro. by Fraley.
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Appropriates $10 million in additional recurring funds for 2019-20 and $15 million in additional recurring funds for 2020-21 from the General Fund to the UNC Board of Governors for the UNC Faculty Recruitment and Retention Fund. Monies in the Fund are to be used to ensure competitive recruitment of faculty by constituent institutions and to build salary structures to reward high-performing faculty. Effective July 1, 2019.