Bill Summary for S 406 (2023-2024)

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Summary date: 

Apr 26 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
Senate Bill 406 (Public) Filed Wednesday, March 29, 2023
AN ACT TO EXPAND ELIGIBILITY FOR OPPORTUNITY SCHOLARSHIPS, TO REQUIRE A SEQUENCE OF COURSES FOR EARLY HIGH SCHOOL GRADUATION, AND TO ESTABLISH THE EARLY GRADUATE SCHOLARSHIP PROGRAM.
Intro. by Lee, Barnes, Galey.

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Bill summary

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

Part I.

Amends GS 115C-562.2 to make the changes to the amounts of the scholarships applicable beginning with the 2024-25 school year (was, beginning with the 2023-24 school year). Makes conforming changes in Section 1(f) of the act by no longer referring to the 2023-24 school year.

Amends GS 115C-562.8 by changing the name of the Opportunity Scholarship Grant Fund back to the original name of Opportunity Scholarship Grant Fund Reserve and makes conforming changes. Increases the proposed increases the amounts that are to be appropriated from the General Fund to the Grant Fund for fiscal years 2025-26 and thereafter. 

Deletes Section 1(g) of the act which set out requirements for the use and transfer of funds and use of funds in the Opportunity Scholarship Grant Fund. Removes the appropriations to the Opportunity Scholarship Grant Fund and replaces it with the following. Appropriates from the General Fund to the Opportunity Scholarship Grant Fund Reserve: (1) $87 million for 2023-24 and (2) $163 million for 2024-25.