Senate committee substitute makes the following changes to the 1st edition.

Amends GS 115C-105.25(b)(1a) to provide that funds for children with disabilities, career and technical education, and other purposes may also be transferred asprovided through any rules that the State Board of Education (SBE)adopts to ensure compliance with federal regulations (was, transferred only as permitted by federal law and conditions of federal grants). Permits positions allocated for classroom teachers to be converted to dollar equivalents to contract for visiting international exchange teachers (was, deleted thissubdivision in the 1st edition).

Amends GS 115C-301 to delete requirement that significant increases in class size be reported to the SBE by February 1 of each year. Provides that local boards of education may request allotment adjustments and that the SBE may allot additional positions within the available funds. Deletes any reference to a significant increase in class size as a basis for the request for an allotment adjustment.

Amends GS 115C-276(k) to make a conforming change deleting requirement to report by February 1 annually exceptions to individual class size and daily teaching load maximums.

Amends GS 115C-105.25 to require that each local school administrative unit (LEA)publish specified information about LEA expenditures on its web site by October 15 annually (was, August 1 annually).