GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	1 

HOUSE BILL 1238

Short Title:  Rural School Enterprise Funds.	(Public)
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Sponsors: Representatives James; Hardaway and Bowman.
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Referred to:  Education.
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April 12, 1989

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS FOR A RURAL SCHOOL-BASED ENTERPRISE PROGRAM.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to North Carolina REAL Enterprises, Inc., the sum of five hundred thousand dollars ($500,000) for the 1989-90 fiscal year and the sum of five hundred thousand dollars ($500,000) for the 1990-91 fiscal year for North Carolina's Rural School-Based Enterprise Program, a program in which rural students will research, plan, set up, operate, and own economically viable small businesses in cooperation with local educational institutions.  These funds shall be used as follows:
(1)	Two hundred fifty thousand dollars ($250,000) for the 1989-90 fiscal year and two hundred fifty thousand dollars ($250,000) for the 1990-91 fiscal year shall be used to support teachers and program operations at 10 pilot sites across the State;
(2)	One hundred fifty thousand dollars ($150,000) for the 1989-90 fiscal year and one hundred fifty thousand dollars ($150,000) for the 1990-91 fiscal year shall be used to sustain the technical assistance, training, and management support provided by North Carolina REAL Enterprises, Inc., at no cost to participating pilot sites; and
(3)	One hundred thousand dollars ($100,000) for the 1989-90 fiscal year and one hundred thousand dollars ($100,000) for the 1990-91 fiscal year shall be used to expand the capital pool through which North Carolina REAL Enterprises, Inc., makes loans to, and investments in, the rural school-based enterprises generated by the program.
Sec. 2.  This act shall become effective July 1, 1989.