Senate Bill 658 Summary

• Authorizes boards of county commissioners to adopt resolutions determining how to provide county funds to charter schools, including direct appropriations for operations or capital outlay purposes.

• Allows counties to provide capital funds to charter schools for property acquisition, construction, renovation, and equipment, secured by promissory notes and deeds of trust on the acquired property.

• Requires capital funds and assets purchased with those funds to be returned to the providing county upon charter school dissolution, divided proportionally among multiple counties if applicable.

• Replaces previous local current expense fund transfer requirements with new provisions in G.S. 115C-218.106, establishing that local boards must transfer per-pupil share amounts to charter schools within 30 days of receipt.

• Revises the uniform budget format to create specific categories for funds that may be used separately from the three primary funds (State Public School Fund, local current expense fund, and capital outlay fund), including PreK programs, JROTC, restricted federal grants, facility rentals, and certain gifts or grants.