Bill Summary for S 541 (2021-2022)

Summary date: 

Apr 6 2021

Bill Information:

View NCGA Bill Details2021
Senate Bill 541 (Public) Filed Monday, April 5, 2021
AN ACT TO ADD FAYETTEVILLE STATE UNIVERSITY AS ONE OF THE CONSTITUENT INSTITUTIONS WITH AN ESTABLISHED RATE OF TUITION AS PART OF THE NC PROMISE TUITION PLAN AND TO APPROPRIATE FUNDS FOR THIS PURPOSE.
Intro. by deViere, Blue, Ballard.

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Bill summary

Amends GS 116-143.11 as title indicates, with statutorily set tuition of $500 per academic semester for residents and $2,500 per academic semester for nonresidents. Makes technical changes. Appropriates $11.5 million in additional recurring funds from the General Fund to the UNC Board of Governors for the 2022-23 fiscal year to "buy down" any financial obligations resulting from the established tuition rate under GS 116-143.11 incurred by Fayetteville State University. Effective July 1, 2021, and applies beginning with the 2022-23 academic year. 

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