Directs the State Controller to establish the Law Enforcement & Teacher Protection Reserve (Reserve) in the General Fund to maintain federal funds, defined to include those paid from the federal Coronavirus Relief Fund and any other flexible federal funds paid to the State for COVID-19 response and Recovery, paid to the State to mitigate the COVID-19 outbreak in NC. Restricts uses of Reserve funds to public health and testing; addressing State government operations, education funding, and public safety funding shortfalls; and providing relief to impacted taxpayers. Clarifies that the funds are not appropriations and authorized uses must be consistent with federal law.
Directs the State Controller to transfer the remaining balance of the Coronavirus Relief Reserve established in SL 2020-4 to the Reserve and close the Coronavirus Relief Reserve. Requires any reversions to the Coronavirus Relief Reserve to be deposited in the Reserve. Maintains the validity of SL 2020-4 except as provided.
Appropriates from the General Fund to the Office of the State Controller $5,000 in nonrecurring funds for the 2019-20 fiscal year to implement the act.
Bill S 800 (2019-2020)Summary date: May 19 2020 - View Summary