Bill Summary for H 866 (2017-2018)
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Summary date:
May 16 2017
Bill Information:
View NCGA Bill Details | 2017-2018 Session |
AN ACT TO ENACT THE PUBLIC SCHOOL BUILDING BOND ACT OF 2017.Intro. by Johnson, Horn, Corbin, Carney.
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Bill summary
House committee substitute makes the following changes to the 1st edition.
Amends the special allocation provisions for determining the use of the proceeds of public school building bonds and notes, providing that if a debt has been incurred (was, authorized or incurred) since January 1, 2017, for public school facilities, then the face amount of the debt is considered a non-State expenditure for public school facilities for the purpose of county matching funds.