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NC S588
Bill
Status
Introduced
4/2/2013
Primary Sponsor
Fletcher Hartsell
Click for details
AI Summary
- Repeals G.S. 115C-546.2(d), eliminating the Public School Building Capital Fund allocation mechanism for lottery proceeds.
- Redirects 90% of remaining net lottery revenues to county school funds on a point-of-sale basis, allocated to local school administrative units by average daily membership rather than a statewide formula.
- Maintains 10% of net revenues for college and university scholarships through the State Educational Assistance Authority.
- Eliminates specific funding requirements for class size reduction and academic prekindergarten programs that were previously prioritized.
- Takes effect July 1, 2013, and applies to all funds transferred to the Education Lottery Fund on or after that date.
Legislative Description
Distribution of Lottery Proceeds
Last Action
Ref to Education/Higher Education. If fav, re-ref to Appropriations/Base Budget
4/3/2013
Committee Referrals
Appropriations/Base Budget4/3/2013
Full Bill Text
No bill text available