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NC S362

Bill

Official Source

Status

Introduced

3/16/2011

Primary Sponsor

Thomas Apodaca

Click for details

Origin

Senate

2011-2012 Session

AI Summary

  • Eliminates lottery funding previously allocated to class size reduction in early grades and academic pre-K programs for at-risk four-year-olds
  • Increases allocation to the Public School Building Capital Fund from 40% to 90% of remaining net lottery revenue for school construction
  • Maintains 10% allocation of net lottery revenue to the State Educational Assistance Authority for college and university scholarships
  • Changes reserve fund priority order to prioritize college financial aid before school construction when Education Lottery Reserve Fund is insufficient
  • Takes effect July 1, 2011

Legislative Description

Reallocate Lottery Funds

Last Action

Ref to Education/Higher Education. If fav, re-ref to Finance

3/17/2011

Committee Referrals

Finance3/17/2011

Full Bill Text

No bill text available