Bill Summaries: H 466 SPEND 65% OF FUNDS IN THE CLASSROOM.

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  • Summary date: Mar 24 2011 - View Summary

    Enacts new GS 115C-408.1 to require the State Board of Education to modify its allotment formulas, modify rules on expending state funds, and transfer funds as necessary to ensure that each local administrative unit spends at least 65% of the state funding it receives for operations on classroom instruction. Requires the adoption of rules to implement the statute. Applies to expenditures for school years beginning with the 2012-13 school year.