NC S555

Redefines "student reading portfolio" to require two examples per reading standard (instead of three) and allows a single work sample with 80% comprehension accuracy to satisfy the requirement, with portfolios used only when standardized testing is unlikely to show reading proficiency.

Requires the State Board of Education to complete review and approval of alternative reading assessments by September 15 of each year.

Mandates principals to hold at least one information session within the first 30 days of school regarding third grade reading proficiency requirements for parents and guardians.

Establishes new reading camp provisions for kindergarten through second grade students identified by teachers as needing assistance, with local boards authorized to charge fees up to $825 per student and establishing enrollment priority procedures.

Permits local school boards to redirect unused reading camp appropriations from 2013-2015 and subsequent fiscal biennia to fund camps for kindergarten through second grade students, effective beginning the 2015-2016 school year.