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.
Bill Summaries: S 602 CONST. AMEND.-RESERVE LOTTERY FUNDS PRE-K.
Bill S 602 (2015-2016)Summary date: Mar 30 2015 - View Summary