Bill Summary for S 367 (2025-2026)

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Summary date: 

Mar 20 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
Senate Bill 367 (Public) Filed Thursday, March 20, 2025
AN ACT TO PROVIDE FUNDING TO THE STATE'S HISTORICALLY BLACK COLLEGES AND UNIVERSITIES TO FUND NEW AND ONGOING CAMPUS CAPITAL IMPROVEMENT PROJECTS.
Intro. by Robinson, Lowe.

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Bill summary

Appropriates $8 million from the Education Lottery Fund to the Office of State Budget and Management (OSBM) for 2025-26 to be allocated to four listed Historically Black Colleges and University in an amount proportional to the number of undergraduate students enrolled at each eligible constituent institution who are residents of North Carolina and recipients of a federal Pell Grant. Effective July 1, 2025.