NC H856

Establishes North Carolina Virtual Public School (NCVPS) program under State Board of Education with administrative office at Department of Public Instruction, focusing on expanding e-learning access to rural and low-wealth counties.

Creates a funding formula beginning 2011-2012 school year that transfers 75% of projected instructional costs from local school administrative units and charter schools to NCVPS based on per-course teacher pay and per-student fee structures.

Requires State Board to calculate actual instructional costs by February 21 annually and transfer remaining amounts owed up to 100% of projected costs, with procedures for returning excess funds to local units and charter schools.

Authorizes separate fee structure for out-of-state students, home-schooled students, and private school students, with revenue generated used to offset costs to in-state local school administrative units and charter schools.

Allocates $836,000 annually for NCVPS state-level operations and permanently transfers Learn and Earn Online funds, with $2,030,923 directed to administrative salaries and benefits and remainder used as enrollment reserve fund.