Bill Summaries: S692 ESTABLISH A+ SCHOOLS SPECIAL FUND.-AB

Tracking:
  • Summary date: Apr 4 2013 - More information

    Identical to H 376, filed 3/20/13.

    Amends GS 143B, creating a new section, GS 143B-87.2 (A+ Schools Special Fund). Provides for the creation of the A+ Schools Special Fund, a special interest-bearing revenue fund in the Department of Cultural Resources (Department), North Carolina Arts Council (Council). The fund consists of all receipts derived from private donations, grant funds, and earned revenue. The revenue in the fund may only be used for contracted services, conferences, meetings, travel, staff expenses, as well as other administrative costs. The staff of the Council and the Department will decide how to use the funds for the purposes of the A+ Schools program.

    Applies to the A+ Schools program transferred to the Council in SL 2010-31.

    Requires the Department to submit a report to the Joint Legislative Commission on Governmental Operations, the House of Reprentatives Appropriations Subcommittee on General Government, the Senate Appropriations Committee on General Government and Information Technology, and the Fiscal Research Division by Septemeber 30 of each year. The report will include the source and amount of all funds and how those funds were used during the prior fiscal year.

    Effective July 1, 2013.


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