Bill Summary for S 602 (2015-2016)
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AN ACT TO AMEND THE NORTH CAROLINA CONSTITUTION TO REQUIRE A SPECIFIC PORTION OF LOTTERY PROCEEDS TO BE ALLOCATED TO PRE-K AND HIGHER EDUCATION ASSISTANCE PROGRAMS.Intro. by Stein.
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As the title indicates.
Subject to approval by voters at the statewide general election on November 3, 2015, adds new Section 15 to Article V of the North Carolina Constitution to provide that 50% of the annual net revenues of any lottery operated by the state is to be used to fund Pre-Kindergarten programs and 50% is to be used to fund need-based and merit-based assistance for higher education programs operated in this state. If approved by a majority, effective upon certification of the amendment by the State Board of Elections to the Secretary of State.
Makes conforming changes to GS 18C-164 to reflect the appropriation of the annual net revenues of any lottery operated by the state for use as indicated in Article V of the state Constitution as amended by new Section 15.